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08 8177 5799

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08 8223 3593

What's new?

Carbon Emission Assessments

Nelson Wheeler Nexia has recently teamed up with Carbon Planet Pty Ltd, a leading Australian carbon management & consultancy company, to assist clients with their carbon emission assessment requirements. Reporting GHG emissions became law in July 2008 for all large corporations and tracking of such carbon emissions is now essential.

To learn more, please contact us.

Child Care Benefit and Child Care Tax Rebate from 1 July

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From 1 July 2008, the Child Care Tax Rebate (CCTR) increased from 30% to 50% of out-of-pocket costs.

The maximum payment will increase from $4,354 to $7,500 per child, and payments will be made quarterly, rather than annually.

The first of these payments was made in October 2008.

Also, from 1 July 2008 there will no longer be a minimum rate of Child Care Benefit (CCB) (before that date, the amount of CCB reduced to a minimum rate, depending on the family’s income, but now it will continue to reduce until the family’s rate is zero).

The income level at which CCB will cut out completely depends upon the number of children in approved care.
For example:

the rate of CCB a family with one child in approved care receives will be reduced if their combined income is above $111,000 and will cut out completely at around $126,000; or
the rate of CCB a family with two children in approved care receives will be reduced if their combined income is above $119,000 and cut out completely at around $131,000.

Note that families who no longer receive the minimum CCB will still be eligible for the CCTR.

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The contents of this Bulletin are general in nature. We therefore accept no responsibility to persons acting on the information herein without first consulting us.