One-off Bonuses
The two Bills implementing the one-off bonuses announced in the Nation Building and Jobs Plan are awaiting enactment.
Tax Bonus for Working Australians Bill (No 2) 2009
This Bill ensures that taxpayers who paid tax in 2007/08 after taking into account tax offsets and imputation credits will receive a one-off bonus.
The amount of bonus will depend on a taxpayer’s taxable income for that financial year:
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$900 if taxable income was up to $80,000;
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$600 if taxable income was between $80,001 and $90,000;
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$250 if taxable income was between $90,001 and $100,000; and
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$0 if taxable income was more than $100,000.
The bonus will be paid to eligible taxpayers from April 2009.
Household Stimulus Package Bill (No 2) 2009
This Bill ensures that eligible families or individuals will receive the following bonuses:
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$900 Single Income Family Bonus to families who, on 3 February 2009, were eligible for Family Tax Benefit Part B.
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$950 per child Back to School Bonus to families who, on 3 February 2009, were eligible for Family Tax Benefit Part A.
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$950 Training and Learning Bonus to students and people outside of the workforce returning to study.
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$950 Farmers Hardship Bonus to farmers and rural-dependent small businesses who, on 3 February 2009, received exceptional circumstances-related income support.
