Criminal Compensation Payout do i need to declare?

**squidipa** · May 1st, 2009, 03:55 PM

Hi there,

it is possible that some time this year i may receive a Criminal Compensation payout plus receive one on behalf of my child on i was wondering do i need to declare and whom to? will i get taxed on it. Unfair if i do but hey there the rules

**catherinemoses** · May 1st, 2009, 04:02 PM

Well...From the other thread...it seems as tho if it is not taxable then you don't need to declare it.
Having said that I don't know anything about Criminal Compo

GL

**briggsy's girl** · May 1st, 2009, 04:03 PM

you'd hve to check with ATO if you're going to be taxed on it

if it's taxable, you have to declare the income for ftb purposes

if it's not taxable, you may only need to declare if you or your partner receive income support payments

you'd have to have it checked by a compensation officer when you have confirmation that it's coming through

**Rouge** · May 1st, 2009, 04:07 PM

Criminal Compensation is not included in taxable income...

From the Centrelink Compensation Kit (online)

What is not included as compensation?
Compensation payments, from income replacement, sporting injury and personal sickness or accident insurance policies, are not treated as compensation if the recipient has contributed to the premium and the insurer has not reduced the policy payments by any Centrelink payments that the person has received (or may be entitled to receive). Statutory criminal injury compensation payments, payments to dependents for the death of a person, unlawful dismissal payments, anti-discrimination payments, and payments for natural disasters are also not treated as compensation.
Other exemptions include:
? Special Rate Disability Pension safety net payment under the Military Rehabilitation and Compensation Act 2004
? personal care payments made by the Tasmanian Motor Accident Insurance Board Future Care Support Scheme and by the Victorian Transport Accident Commission Attendant Care Service and Post Acute Support schemes
? regular payments made for loss of Defence Force Reserve wages because of injuries caused by activities in the Defence Force Reserves.
Some of these payments are counted under the normal income and assets test while others are not. If a person is receiving one of these payments, they should contact Centrelink to check how their Centrelink payments will be affected.