> Hi Showdan,
>
> Mark Webster's website isn't a substitute for the law, unfortunately,
> and it's clear that he hasn't yet updated the base amount with respect
> to the 1 July indexation in any event.
>
> Hi Tedster,
>
> Yes, it looks as though there has been a budget decision to increase
> the threshhold to A$40,000, so that would be the operative base rate.
> A lot of people could be affected by this. Sorry, won't be able to
> confirm this until tomorrow, will report back.
>
> Cheers,
>
> George Lombard
>
> www.austimmigration.com.au
Hi Everyone,
George, thanks for helping, I hope you may be able to confirm if the
threshold is now $40,000. My brother and I are really concerned about
what has happened with the income threshold increasing so much.
I have been thinking about this a lot and I was wondering if when
centrelink ask for the AOS and the proof of income for the last 2 tax
years - do they take each of the last 2 tax years separately and
apply the income threshold for each year separately ?
In our case we would probably be applying around August / Sept. 2007,
so do they assess the Assurers income as meeting what the Family Tax
Benefit income threshold was for each particular year was
individually ? i.e.
1.) Tax year JUL. 2005 - JUL.2006 it was $33,361 and
2.) Tax year JUL. 2006 - JUL. 2007 it was $40,000
That would at least seem to be fair, because at the beginning of each
tax year you will know how much you'll have to earn in the next year
to qualify.
Or
Will they say that you will need to have earned the same in BOTH tax
years 2005 - 2006 and 2006- 2007,however much the income threshold
is from Jul.2007, for example it might be $42,000 by then. So
$42,000 in '05-'06 and $42,000 in '06-'07?
That wouldn't seem to be very fair because applicants have no idea
of what amount of earnings to aim for, and if it going to be such a
high increase again as this year.
I found this info. on the Centrelink website and you could read it as if
they might assess each tax year income threshold separately based on
what the amount was for that particulaar year , but I'm not sure.
"To become an assurer, the applicant must meet following requirements:
have income greater than the threshold for the current financial year
have income greater than the threshold for two previous financial years
be an Australian resident
be 18 years or older
You will need to provide proof of identity
be able to lodge a bond, if required. "
I'm considering phoning them to ask, but the last time I did this they
said the income threshold only increases by approximately $1000 each
year, so I don't really trust that their information will be correct!
Sorry if I've waffled on a bit, but I'm very worried about this now.
Any advice would be appreciated.
Thanks,
Tedster
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