One-off cash bonus for eligible taxpayers

06-Mar-2009

As part of its Nation Building and Jobs Plan, the Government on 3 February 2009 announced a $12.7bn Household Stimulus package which features 5 key one-off cash payments for eligible taxpayers. The cash payments, targeted towards low to middle income earners, aim to provide "immediate stimulus to the economy" and will not be taxable income or considered income for social security purposes. A package of Bills proposing to implement the measures was introduced into the House of Reps on 4 February 2009.

For further information, you can download more details here.

Feel free to contact Charles or Matthew with questions.




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