Economic Security Strategy Payment (FTB Part A)
What is the Economic Security Strategy Payment (FTB Part A)?
The Economic Security Strategy Payment (FTB Part A) is:- $1,000 for each eligible Family Tax Benefit Part A child;
- not taxable income and is not considered income for social security or family assistance purposes; and
- not ongoing.
Can l get the additional payment?
You can get the payment if, on 14 October 2008:- You were receiving fortnightly payments of Family Tax Benefit Part A; or
- You were entitled to Family Tax Benefit Part A, but you chose to defer your payment to the end of the year under a More Choice for Families option; or
- You were receiving fortnightly payments of Youth Allowance, Abstudy or a Veterans' Children Education Scheme for a dependent child.
Please note: If Youth Allowance is paid directly to your child, the additional payment will also be paid directly to your child.
If you share the care of your child or children and have at least 35 per cent care you may be entitled to a portion of the payment. The payment will be shared according to the Family Tax Benefit percentage of each child.
You do not have to do anything to get the payment and it should be paid automatically to your bank account before 20 December 2008.
You can check if you have been paid the payment using the view your payment history service.
What if I don't get fortnightly payments?
If you claim your Family Tax Benefit Part A as a lump sum at the end of the financial year, the payment will be made at the same time as your Family Tax Benefit Part A payment.Please note: If you were eligible for Family Tax Benefit Part A on 14 October 2008 and you would like the payment earlier you can change to fortnightly payments.
You can change the way you get your payments by:
- using online services.
- visiting your nearest Family Assistance Office, located in Medicare Australia offices and Centrelink Customer Service Centres. To find your nearest office, use the office locator on our visit us page; or
- calling the Family Assistance Office on 13 6150.
Who is not eligible for the Economic Security Strategy Payment (FTB Part A)?
If you get Family Tax Benefit Part B only or you are an approved care organisation, you are not eligible for the Economic Security Strategy Payment.[ Top ]