The Centrelink $1,296.09 Advance Payment 2024 is a significant financial aid initiative by the Australian government to support eligible families through the Family Tax Benefit (FTB) scheme.
This one-time advance payment is intended to help families manage essential expenses without causing financial strain. Below, we’ll explore the eligibility criteria, payment amounts, and how to apply for this advance payment.
Overview of Centrelink $1,296.09 Advance Payment 2024
- Title: Centrelink $1,296.09 Advance Payment 2024
- Year: 2024
- Country: Australia
- Month: July 2024
- Payment Type: Family Tax Benefit (FTB) Part A Advance Payment
- Eligibility: Eligible Families and Children
- Objective: Financial Aid
- Frequency: One-time Payment
- Amount: $1,296.09
- Category: Finance
- Official Website: Services Australia
Eligibility Criteria for $1,296.09 Centrelink Advance Payment 2024
The $1,296.09 Advance Payment is available to families who qualify for the Family Tax Benefit (FTB) Part A. To be eligible for this payment, the applicant and their children must meet specific criteria, including income limits, residency requirements, and care responsibilities.
Family Tax Benefit Eligibility
- Age of Children:
- 0 to 15 Years: Eligible if under 16 years.
- 16 to 19 Years: Must be enrolled in full-time secondary education or an acceptable course.
- Residency Rules:
- Applicant: Must be an Australian citizen, permanent visa holder, Special Category Visa holder, or on a temporary visa (Partner provisional or protection type).
- Children: Must also meet similar residency requirements.
- Care Responsibility:
- The applicant must care for the child for at least 35% of the time.
- Waiting Period:
- Newly arrived residents must wait one year before receiving Family Tax Benefit.
- Immunization:
- The child must meet the immunization requirements.
Income Limits
- Full FTB Payment: Families earning $65,189 or less will receive the full FTB.
- Partial Payment: For incomes between $65,189 and $115,997, the payment reduces by 20 cents for every dollar earned above $65,189.
- Higher Income Bracket: For incomes above $115,997, the payment reduces by 30 cents for every dollar earned above this threshold.
Centrelink Advance Payment Amount 2024
The advance payment amount of $1,296.09 is calculated based on the Family Tax Benefit Part A, particularly for families receiving the base rate for one child.
Regular Payment Rates
- Fortnightly Base Rate: $71.26 per child.
Maximum Rates for FTB Part A:
| Age of Children | Fortnightly Payment Amount |
|---|---|
| 0-12 Years | $222.04 |
| 13-15 Years | $288.82 |
| 16-19 Years | $288.82 |
Supplement Rates for FTB Part A:
| Year | Annual Supplement Rates |
|---|---|
| 2024-2025 | $916.15 |
| 2023-2024 | $879.65 |
Advance and One-Off Payments for FTB Part A
- Regular Advance: 3.75% of the standard rate, up to a maximum of $1,348.81.
- One-Off Advance: 7.5% of the annual rate, which amounts to $1,296.09.
How to Apply for the Advance Payment
Application Process
- Eligibility Check: Ensure you meet the eligibility criteria for the Family Tax Benefit Part A.
- Request Advance Payment:
- Eligible families can request the advance payment online through myGov, linked to Centrelink.
- Alternatively, visit a Centrelink office to request the payment.
- Approval and Payment:
- Once approved, the advance payment will be directly deposited into the recipient’s bank account.
Impact of the $1,296.09 Advance Payment
The $1,296.09 Advance Payment is designed to offer immediate financial relief to families, helping them manage unforeseen expenses without financial hardship.
This advance can help cover essential costs such as children’s school expenses, utilities, or other household needs. The payment is structured to ensure that it does not impose further financial strain on recipients.
Payment Dates
The $1,296.09 Advance Payment will be available from July 2024. Eligible families can apply for the advance payment after three months of receiving regular Centrelink payments like Age Pension, Carer Payment, Disability Support Pension, Farm Household Allowance, Job Seeker Payment, Parenting Payment, or Youth Allowance for Job Seekers.
The Centrelink $1,296.09 Advance Payment 2024 is an essential financial aid measure designed to support Australian families receiving the Family Tax Benefit Part A.
By understanding the eligibility criteria and application process, families can access this advance payment to alleviate financial pressures and better manage their household expenses.
FAQs
What is the Centrelink $1,296.09 Advance Payment 2024?
It is a one-time advance payment offered to families receiving the Family Tax Benefit Part A to help manage financial pressures.
Who is eligible for the $1,296.09 Advance Payment?
Eligible families include those with children under 16 years old or those aged 16-19 enrolled in full-time secondary education, meeting residency and income criteria.
How can I apply for the Centrelink Advance Payment?
Eligible recipients can apply online through myGov or visit a Centrelink office to request the advance payment.
When will the $1,296.09 Advance Payment be available?
The payment will be available from July 2024, and families can apply after three months of receiving regular Centrelink payments.
What is the maximum amount I can receive?
The maximum advance payment amount is $1,296.09.
