Each of the following payments can be paid as a lump sum:
Your entitlement can be paid as a lump sum after the end of the income year. To be paid annually you need to:
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Lodge a claim
To get family assistance you must lodge a claim with the Family Assistance Office within the two years following the end of the income year for which you are claiming. For example, if you are claiming a lump sum for the 2007-2008 income year, you will need to lodge your claim by 30 June 2010.
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Lodge your tax return
You and/or your partner need to lodge your tax return to be paid your entitlement as a lump sum*.
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Keep accurate records
You must keep accurate records when claiming family assistance payments as a lump sum. You should keep records on:
- Shared care arrangements
- Changes to shared care arrangements
- Changes to your personal circumstances.
*Note: From 1 January 2010, you cannot receive Family Tax Benefit by instalment payments if you and/or your partner have not lodged income tax returns or informed the Family Assistance Office that you are not required to do so within the required timeframe.