Education tax refund – reminder to keep receipts
The Prime Minister has reminded taxpayers to take advantage of the Education Tax Refund and to keep their receipts in order to make the claims. For 2010-11, families can claim 50% of eligible education expenses, up to a maximum refund of $794 for high school children, and $397 for primary school children on back-to-school items. ...more
Government promises Parliamentary debate on tax reform, including Henry
The Government has promised that it will hold a debate on tax reform in Parliament next year that will encompass a re-examination of the Henry Tax Review plus any other reform measures that come out of the tax summit. In her opening speech to Parliament on 28 September 2010, the Governor-General said that, during this ...more
Coalition promises to expand the Education Tax refund
The Federal Coalition has promised, if elected, to expand the Education Tax refund. For primary students, it will increase the rebate from the current $390 to up to $500 per year per child in primary school. Eligible parents will be able to claim a 50% rebate for up to $1,000 of eligible education-related expenses for ...more
More than $500m in education tax refund left unclaimed
According to Tax Office figures, only half of all eligible Australian families have lodged a claim for the education tax refund (ETR), leaving more than $500m in unclaimed benefits. As at 13 November 2009, only $488m of the projected $1.02bn cost for the ETR had been claimed in tax refunds. The ETR provides eligible parents ...more
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