Oh wow, I can't believe it! It means I can finish the second part of my course and get started on my career!!! God I hope it's true, I feel like crying!
I am not going to benefit fromt his as I dont fall into any of the areas but that is fantastic news! It was just on the channel 7 news as well. I am not a labour supporter but this is just what people need at this crucial time esp with Christmas around the corner. Well done Keven Rudd (if it goes ahead!!!)
personally, i'd be over the moon to see this money in my bank account
we dont have a mortgage or any loans, we dont have any credit cards or debt, we have one car, another one sitting in the driveway gathering dust as we cant afford to fix it.... we have a $800 electricity bill....
dp works 48 hours a week, i work 25 hours. we dont drink, smoke or go out. i wouldnt be saying no to $1000. especially before xmas. its taken us till about 2 months ago to catch up on bills that were put on hold because of christmas last year. maybe i can use it to help get us back on track, and back on our budget.
Ooooh I don't know! I suppose I could buy loads of equipment to train people in the park and stuff! Oh my god, oh my god, oh my god I am sooo happy!!!!
I am looking forward to this, if only to just have some money to actually put away into my savings account and into DS account too. Seems like most of my money goes into bills, childcare and necessities so it will be nice to be able to put some more away for him. Plus some for an emergency or saving for some of the many things I'd like, like driving lessons, a car, or a house. But all of those things might have to wait until I've finished studying and am working again. Or I could put it towards the new balcony Mum needs.. hm I think i will do that if she lets me. Since I am getting tired of falling through it and am terrified it is going to fall down at any moment.
I do feel bad that not everyone is entitled to it, it would be good if they were, but at least Pensioners and carers are getting something as well, after all the upset about their pensions and payments of late.
When they state ' low income earners' what does this mean?
Does this only mean health care card holders?
What if you overestimate your earning on purpose?
HOw is it calculated does anyone know - or have link to the details?
Bath - i was reading through your ppost - re: 1st home buyers. And if your partner has owned a property in the past you will NOT be eligible. This happened to DH and i . We even had seperate loans the deed was drawn up by the soliciters correctly as seperate owners and i was not eligible for it (and DH owned his house BEFORE all the grants were introduced - pre 2000 where he didnt get it either as it didnt exsist).
I usually receive FTB A in a lump sum at the end of the year... me thinks that I'm gonna go to Centrelink on about 1 December and change it to fortnightly... then on 1 January change it back to end of year lol...
PP, its for low & middle income earners. we skim in just over the low income bracket which I think is 42,500. Our combined income is set at 50k, but realisticly its about 45k at the most.
From what I have gathered anyone & everyone who gets FTB part A will get the payment.
Divvy, why would that make a difference? Don't you still have to provide a income estimate each year? So at the start of this financial year wouldn't have they set your estimate at what your last tax was? I get mine F/N so I dunno what the difference is getting it in a lump sum... But I would have thought they would have it all worked out so they know who gets what...
Sushi....I completely agree lovely, and wanted to thank you for actually writing it down in such a diplomatic and calm manner...everytime I go to write something like that it all comes out bitter and twisted!
I also agree that people will most likely (except for the exceptions that do actually use payments to help with day to day living), spend it on unnecessary things...but not me...it will be great (if we are even in fact eligible) and will probably go into savings in preperation for next time that I need to take maternity leave...as unlike some people..not work means no money.
the first home owners grant is one of the reasons that home ownership has become less affordable and that people get home loans they can't afford and now they're upping the ante. I think it's a really bad idea.
TBH I don't care what people spend the money on. If they want to buy vodka and TVs that's fine by me. The aim of the handout is to stimulate the economy and frivolous spending will do that just as effectively as sensible spending and saving.
FJ - I don't give any estimates, they just do a calculation on the actuals once my tax is done. So I'm wondering how they'll know we're eligible come December, coz I haven't told them anything about this current year.
I don't begrudge anyone getting this payment. K-Rudd needs to inject spending into the economy, hey I'm happy for it to go to pensioners and low income earners. My rant had more to do with the fact that my family seem to keep falling JUST on the wrong side of any govt benefit, and from my calculations today (because I didn't know until today that I actually am not eligible for the FTB any longer) I am actually slightly worse off for my (temporary) promotion, our new Public Service General Agreement which gives both me and DH an extra 4% and for going back to full time hours.
So I am working harder and for longer hours, have more responsibilities and both DH and I have just had a pay rise. But we/re actually going backwards financially! How does that make sense? Like I said, it's a disincentive for people to work hard and earn more sometimes.
bit off topic - but with the first homeowners, (at least in NSW) if one party has previoulsy owned the other party IS entitled to a portion of the first homeowers - maybe it differs state to state but here its possible.
I work for a solicitor and a law firm that specialise in Conveyancing.
In NSW if one party has owned a residential property and lived in it for a period of six months then neither party is entitled to the grant. However if a rental income can be proven and the owner has never lived in the property then they are entitled to the grant but not the exemption for stamp duty.
Also if the property owned was a commercial property then they are still entitled to the grant.
The OSR website has a great tool called OSR assist in which you plug in your information and it will tell you whether you are eligible or not. They also have good fact sheets and on the front of the application form for the grant it specifically askes you whether you or your partner have owned property before (regardless of whether they are listed on the purchase of the property or not) and there is a section of the form that the spouse has to fill out. These forms are also on the OSR website.
Sorry but I thought that I better set this straight instead of getting peoples hopes up.
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the first home owners grant is one of the reasons that home ownership has become less affordable and that people get home loans they can't afford and now they're upping the ante. I think it's a really bad idea.
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