Criminal Compensation Payout do i need to declare?

[squidipa]

Google Centrelink Compensation Kit site:.au

And it should come up in a file you can Download.

awesome thank you

[squidipa]

been reading about this and they say online that they can see this as an asset how would that effect me?

[briggsy's girl]

if you only receive ftb, based on the info Niliac provided, the only part that would be payment affecting is if it's a large amount of money and you get interest on it which is taxable via ATO. ftb is not impacted by assetts,only income

[squidipa]

if you only receive ftb, based on the info Niliac provided, the only part that would be payment affecting is if it's a large amount of money and you get interest on it which is taxable via ATO. ftb is not impacted by assetts,only income

i received
FTBA
FTBB
Rent assistance
childcare benefit
and partnered parenting
Hubbie receives NOTHING and has NEVER EVER claimed form centerlink and is out of work (he is a nz cit)

wondering if this would effect me i will be going down there on monday to find out but thought ild ask so i dont worry myself silly as i am like that

[briggsy's girl]

dont go to the office they cant help much other than givig you forms. call fao, explain the situation, they may be able to speak direct to the compo team for you.

if you receie compensatio you will need to devlare it for ppp purposes, if it is sittig in the bank it may class aas an assett. even if you are below the assett thresholds there will be an income deemed from interest earned

[squidipa]

if you receive compensation you will need to declare it for ppp purposes, if it is sitting in the bank it may class as an assett. even if you are below the assett thresholds there will be an income deemed from interest earned

thanks for this info what would be my asset threshold i never new there was one.??

[Visitor7]

Here is the table for asset test for PPP

Assets test