Certified Practicing Accountant
Regi. Tax agent & Regi. ASIC Agent
jason@taxcodeaccounting.com.au
 
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2011-12: No more Education Tax Refund

Education Tax Rebate/Refund (ETR) has been abolished. You are not required to claim ETR anymore on your tax return while you do your 2011-12 tax return. Australian government has Omega Replica committed last year that you will be able to claim uniform expenses for your school going kids. However in this budget they have withdrawn not only uniform but ETR itself. Instead, now Government is going to distribute Kids Bonus based on the eligibility decided. The same will be distributed last week of June 2012 through centerlink and process.