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Re: Centrelink debt
I calculated it the same as earnings. $150 a fn, then 50c in every dollar. It was a little less than that. I also had a bit more than they told me in my bank somehow. But it was all paid in one lot. I was expecting to owe around $1500.
Last Friday, til next FTB payment is almost a full fortnight. So if it is less, it should only be a little less, because I'm only 4 days into this fn IYGWIM? Without the cut off I was expecting to lose close to 300 a fn. If my FTB had been cut, there'd be a fair chunk, or more already paid back. If I'd lost 2 fn payments, I'd be pretty close to square. If I'm to assume they wouldn't reinstate payments at the reduced rate & back pay me once its noted that this isn't regular?
Maybe the payment after (may 2) will make more sense. At least I've found out what could possibly happen & am prepared for the worst...
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Re: Centrelink debt
Being prepared for the worst is always a good way to be!
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Re: Centrelink debt
Well ftb went in today. Still only that 100 less.
I guess I'll expect to be down a bit when I get my supp payments? At least I will have paid a good chunk of it back by then.
So confusing!
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Re: Centrelink debt
Recieved a letter today with a list of my future FTB payments. & from July 18 they're supposed to be going back to normal, as long as my circumstances stay the same.
There's nothing listed as money I owe, so I'm wondering if that was it? Though, I expect that could change after July 1.
I'm happy with this outcome so far! I was certainly expecting the worst!
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Re: Centrelink debt
Maybe they are factoring in that you'll have had reconcilliation done by then and any leftover debt will have been taken out of the top up?
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Re: Centrelink debt
Any further overpayment will come out of your reconciliation amounts
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Re: Centrelink debt
I did expect that. Just didn't expect any notifications/changes until they knew reconciliation would happen & exactly what would happen.
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Re: Centrelink debt
From 1 July, no matter what happens, you have a clean slate. So they can notify you of changes as nothing you received this year will impact you next year at all. Continuous adjustment stops etc. so yes, you have a clean slate unless you end up with a debt after reco