child care centres have to 12 weeks to submit usage statements - there are only a very limited number of processing staff that can process the usage statement, so it may be a case of your CC sending in the statement but not yet processing it.
having said that - if your DH hasn't done his tax return, don't hold your breath waiting - that has to be done first!
Oh our daycare admits they haven't sent their usage statements in. And they aren't in a huge hurry to do so either. Never have been. Last year we waited about 2 months after everyone else got there rebates before we got ours. Would have been well and truely passed the 12 week mark cos it was the next year.
You don't have to do tax returns for the CCTR anymore do you? Wasn't that just the first year? I am sure the payment is supposed to happen automatically in Sep sometime, then the quarterly payments of the 50% CCTR start in Oct.
Is this the $600 payment??? or is there another payment??? I havent recieved a statement from my childcare centre i did last yr. so is this 30% of what i have paid i get back???
firstly, the $600 per child payment is known as the supplement payment for ftba - there is a whole thread in here on that one, so not gonna answer again (too sick to do it today!)
the 30% child care tax rebate is one that was introduced a few years back to help out families where BOTH parents were meeting the work/stud/training test. for the first TWO years, it was claimed in ARREARS in the following income tax return (so for 04/05 usage, you claimed it in 05/06 ITR) - in 06/07 budget, the government realised that it was too hard having it in arrears, and managed by ATO - sooooooooooooo, in 06/07 you could claim your 05/06 usage on your ITR and your 06/07 usage direct through FAO. this also continued in 07/08 - was claimed direct from FAO (well, automatically paid when all info received)
info required (07/08)
- need to be registered for child care benefit (even at minimum rate)
- need to have completed ALL tax dealings with ATO (or be registered as a non-lodger) - the ONLY exception to this is for HIGH income families that have chosen to ONLY receive minimum rate
- for all OTHER families - you have to have completed the taxable income details as c'link/FAO won't know what you're entitled to until all child care details are finalised
for example:
person A has an estimate in place that allows them to get child care benefit at 25%. have out of pocket costs of $50.00 a day
person A does their tax, and they had over estimated, were actually entitled to 50%, and only SHOULD have out of pocket costs of $40.00 a day
they are then entitled to a child care benefit (ccb) top up of $10 per day, which they receive in a lump sum
CCTR would be 30% of their out of pocket costs, so $12 per day
NOW - if they'd been paid child care tax rebate based on their ESTIMATED income, CCTR would have been 30% of $50, so $15 per day. if that had been paid, they would have then been Overpaid by $3 per day on CCTR when CCB is reconciled.
so, long story short, YES, you DO have to wait until everything is finalise with ATO before you can receive CCTR (and you MUST be meeting the requirements for the payment - JUST because your child is in care does NOT mean you'll get it)
RIGHTO - THIS FINANCIAL YEAR
as everyone is aware this has changed for the 08/09 financial year
CCTR is now 50% instead of 30%, and, unless you opt otherwise, will be paid quarterly
so, how does it all work?
you estimate income, and receive CCB at your given rate, and end up with, for example $25 charges per day
every quarter, your carer will ensure usage statements are sent to FAO, which will be processed, and for the FIRST THREE quarters of the financial year, you will get half that out of pocket money rebated
in this example, you will receive $12.50 per day, rebated each quarter (so october, january, april)
in the FINAL quarter of the year (april to june 2009), you will NOT automatically receive your child care rebate. it will wait on your ACTUAL taxable income details.
IF, like most people, you have overestimated, you will be entitled to more CCB - but more CCB means your ACTUAL out of pocket costs are less, so you've been over paid CCTR through the year - see below
estimated income has out of pockets $25
estimated income has CCTR at half of this, $12.50
ACTUAL income has out of pockets at only $20
ACTUAL income has CCTR at only $10
sooo, effectively, you've been overpaid CCTR during the year, but UNDERPAID CCB. your extra CCB (the $5 per day) will be paid in a lump sum - the CCTR for the final quarter will be paid LESS the $2.50 per day you have been overpaid for the first three quarters of the year.
ultimately, your CCB top up will ALWAYS be more than any reduction to your CCTR as for every dollar of CCB you gain, you only lose 50c of CCTR.
this will also happen the other way though - if you UNDER ESTIMATE INCOME, you'll end up with a CCB overpayment, a CCTR top up - and the CCTR will be used to pay the CCB overpayment.
i hope that all makes sense!!!
any figures quoted here are not even CLOSE to accurate - just random numbers to show you how it works!
if i can spend 10 minutes in here giving info that keeps a few people off the phone lines to FAO, i've earned my day off work! and made my next day there just a little bit easier
i'm really hoping it all makes sense - am one sick chicky at the moment (too sick to actually be at work!) so i'm hoping i haven't confuzzled anyone!
if your income is over the threshold to receive CCB (so you pay full fees), you will get half of your child care costs rebated (again provided you meet the other requirements!)
you CAN choose to have the rebate held off til the end of the year if you want to though - for that, you'll need to call FAO (it is defaulted to quarterly payments - anything else you have to change!) - not sure if you can do it via online services at this point as they only updated the system on Monday to allow annual payment instead of the default quarterly payments
Registered User
Has anyone else recieved their 30% rebate from last year yet?
I hope you feel better soon. It's cleared it up for me hun, thanks.
Reply With Quote
Bookmarks