42b Stimulus package
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  1. #1
    Registered User missmanny's Avatar
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    Default 42b Stimulus package

    are you getting a cash bonus and if so what are you planning to do with it?

    I do'nt know quite how I feel about these bonuses - I'm not sure that finanially they are a good idea, I am certainly happy to see spending on schools and infrastructure.

    Having said all that - My DSO and I will both be getting a bonus of $950 each so I am certainly happy to get one (and I didn't expect it as we have no kids and so as such aren't a "working family"

    Mine will go straight into the bank to add to our get married and buy a house fund.

  2. #2
    Registered User brenda67's Avatar
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    I have no idea what your talking about? Glad to see you are getting a nice refund though..

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    Registered User brenda67's Avatar
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    bumping for the answer...

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  5. #4
    Registered User missmanny's Avatar
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    Hi Brenda, the Australian Government has just announced a stimulus package to help our economy in a bid to stop us from falling into a recession.

    The package includes a lot of money going towards schools and building projects and also has cash bonuses for low to middle income earners (up to 100k) of $950 and also back to school bonuses for low to middle income earners with kids as a "back to school bonus" $950 for each child of school age if you meet the criterea.

    DSO and I will both get $950 so that will be great to help us with our house down payment!

    Not sure that I condone these sorts of payments but since I am getting one - I will go with the flow.
    Last edited by missmanny; 02-03-2009 at 08:14 PM.

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    I know we'll be getting one lot, and that will be going towards out wedding money, but not sure if we'll get one for back to school, as our daughter doesnt turn 4 until late march, before the payments are given. So will have to wait and see, but that will get her a few pressies for her birthday and the rest put away.

  7. #6
    Registered User missmanny's Avatar
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    Yes, the details are a bit shady, apparenty centrelink has some good information on it's website and the ATO does as well.

    I am also studying so did think that I might score the student bonus as well but not this time, it is only for people who are on assistance such as austudy etc.

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    I have no idea if I'm getting a bonus (I don't think so though), but I'm pretty sure the package included tax breaks for small business? If so, that's good news for me.

    Then again, anything that makes the economy better is fine by me, even if it doesn't directly put money in my pocket.

  9. #8
    Registered User missmanny's Avatar
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    I believe that there are some tax consessions for small business to buy assets with? I'm not in small business so I didn't pay too much attention to that stuff, but the thought is that extra money in the economy would be spent by consumers.

    I think that the jury is still out as to if this will be the case though, I know that we will be saving ours to spend later on down the track but others might not be so conservative, plus there will be a lot of people who get far more then I will. If I were to get $5,000 I may be more apt to spend part of it (probably not though)

  10. #9
    Registered User mopples's Avatar
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    Providing it doesnt get blocked by the High Court, ill be getting it. I have it ear marked for the credit card.

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    Hi,
    I expect to get the $900.
    I have shorter work hours and a few expenses, so mI guess most of mine will end up on the credit card,
    Cheers emmo

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