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Post by quantumranger on Aug 24, 2014 20:22:44 GMT 7
Hi everyone. I am so worried I forgot to tell Centrelink about my term deposit I get about 3,000 per year from it and I never told them for about 3 years. Am I going to be in trouble. I never knew I had to before I started reading around.
Am I going to be in trouble.
Any advice???
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Post by Banjo on Aug 25, 2014 7:10:28 GMT 7
There's probably a chance that they will never know, but if it worries you ask Welfare Rights to act on your behalf and talk to Centrelink. There will probably be a repayment but you should be able to negotiate a small regular payment over several years. www.welfarerights.org.au/organisations/nsw/sydney |
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Post by quantumranger on Aug 25, 2014 7:21:55 GMT 7
Because I pay tax in the interest surely they cross reference check with the ato. but i got away with it for the first 3 years.
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Post by Banjo on Aug 25, 2014 7:31:43 GMT 7
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Post by quantumranger on Aug 25, 2014 7:36:42 GMT 7
what do i say when centrelink asks why i didn't report it.
truth is i didn't know i had to.
and i had a lot going on in my life.
i had also been working a bit.
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Post by Banjo on Aug 25, 2014 8:21:12 GMT 7
That's all you need to say
If you think you cannot handle it ring Welfare Rights and ask them to do it for you
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