Tax Tips

FAMILY ASSISTANCE PAYMENTS

The ATO has reminded individuals receiving Child Care Subsidy and Family Tax Benefit payments from Services Australia that they and their partners must lodge their 2023/2024 Individual Tax Returns by 30 June 2025. Lodgement deferral with the ATO does not alter this requirement.

Failure to meet this deadline may result in:

• Loss of Child Care Subsidy entitlements and potential repayment of 2023/2024 payments.
• Loss of Family Tax Benefit top-ups, possible debts, and suspension of fortnightly payments.

Please contact your accountant for any further information.