Government Stimulus Package - Summary

Written on the 18th of April 2009 by PlannerWeb

On 3rd February 2009 as part of its economic stimulus package, the Federal Government announced the following bonuses for eligible individuals:-

• Working Australian Tax Bonus ($300 - $900 per individual);
• Single Income Family Bonus ($900 per family);
• Back to School Bonus ($950 per child);
• Training and Learning Bonus ($950 per individual); and
• Farmer's Hardship Bonus ($950 per household)

These bonuses will not be taxable income, nor will they be included as income for social security purposes.

Each bonus has its own eligibility requirements and payment dates as outlined in a more detailed article.

No action is needed to claim the benefits, except one small group - students aged 19-20 with Family Tax Benefit A see relevant article.