Am I eligible?
To be eligible for the tax bonus payment you must have lodged your 2007-08 income tax return by 30 June 2009, unless the Tax Office granted you a deferred lodgment date before 18 February 2009.
If you were granted a deferred lodgment date before 18 February 2009, you must lodge your 2007-08 tax return by that date to be eligible for the payment.
Your eligibility and the amount you are paid will be based on your individual 2007-08 tax return.
You are eligible to receive the payment if:
- your 2007-08 taxable income did not exceed $100,000
- your adjusted tax liability for 2007-08 was greater than zero (see step two in the notice of assessment example below)
- you were an Australian resident for tax purposes during the 2007-08 financial year, and
- you lodge your 2007-08 tax return by 30 June 2009 or by the deferred lodgment date granted to you by the Tax Office before 18 February 2009.
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If you or your tax agent or accountant have been affected by a natural disaster or significant injury or illness resulting in hospitalisation for more than two weeks, you have until 30 June 2010 to lodge.
Note: this only applies if the natural disaster or significant injury or illness occurred between 1 January 2008 and 30 June 2009 inclusive.
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Still unsure of your eligibility?
To work out your eligibility, look at your 2007-08 notice of assessment and follow the steps on the example below. You receive your notice of assessment after we process your 2007-08 tax return.
Download printable example (PDF, 56KB)
Step one - if your taxable income on your 2007-08 notice of assessment exceeds $100,000 you are not eligible for the payment.
Step two - if your taxable income is $100,000 or less, you can calculate your adjusted tax liability from information included in your notice of assessment by:
- adding the amount at label A (tax on taxable income) to the amount at label O (Medicare levy and Medicare levy surcharge)
- If an amount for foreign resident withholding credit is included under additional information above, add this to the total of label A and label O. You can ignore any other amounts, for example the low income tax offset.
- subtract the amount at label G (tax offsets and other credits).
This final figure is your adjusted tax liability. If the figure is greater than zero and you meet the other criteria, you are eligible.
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The Tax bonus calculator can also help you determine your eligibility and estimated payment. You will need your 2007-08 notice of assessment.
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People aged under 18 years of age
If you were under 18 years of age at 30 June 2008, you are eligible for the tax bonus payment, if you were either an excepted person or received excepted assessable income and meet all the other eligibility criteria.
Temporary residents and Australians living overseas
If you were an Australian resident for tax purposes for the 2007-08 financial year and you meet all the other eligibility criteria, you are eligible for the tax bonus payment. This applies even if you were here on a temporary resident visa.
Deceased estates
If a person dies after 30 June 2007 and an income tax return for the 2007-08 year has been lodged by them or on their behalf, before 30 June 2009, a tax bonus payment will be made to the deceased estate provided all of the eligibility criteria are met.
Franking credits
When working out whether you are eligible for the tax bonus payment, please note that the law treats franking credits the same as any other tax offset. Imputation or franking credits are sometimes known as franking tax offsets.
Last Modified: Tuesday, 30 June 2009
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