Recent Industry News and Events
Changes To Minimum Pension Payment Requirements
On 18 February 2009, the Government announced it will reduce the minimum pension payment requirement by 50 percent for thge 2008/09 financial year.
What does the announcement mean for you?
The law requires all pension account holders receive at least a minimum payment each financial year. This amount depends on your age and account balance at 1 July each year (or when your pension commenced).
If you've already received half of your current minimum payment, you can choose to stop receiving or reduce your pension payment for the rest of the 2008/09 financial year.
If you haven't yet reached half of your current minimum payment amount, you can choose to reduce future pension payments in line with the reduced minimum.
Download PDF Information Brochure
The Government Stimulus Package – and You
The Government Stimulus Package includes a series of measures designed to provide assistance to low and middle income earners to encourage spending on goods & services. It is hoped that this spending will support Australian businesses and stimulate the Australian economy.
There are a number of payments that the Government will be making from early March 2009.
These Include:
| Bonus Type | Amount | Date Due |
| Working Australia Tax Bonus | Up to $900 | Early April |
| Single Income Family Bonus | $900 per family | 11 / 20 March |
| Back to School Bonus | $950 per eligible child | 11 / 20 March |
| Farmer’s Hardship Bonus | $950 | 24 March / 6 April |
| Training & Learning Bonus | $950 | 24 March / 6 April |
| Education Entry Payment Bonus | $208 | Early April |
To find out if you are eligible for a bonus payment or for more information about the Government Stimulus Package please visit the ATO website or the Centrelink website or contact Amanda Griggs or Guy Halpin on 9416 7544.
