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CCR & CCB help
2 replies to this topic
Posted 07 February 2013 - 08:24 PM
Sigh, trying to figure this out once again. I had a really good grasp of how these are paid, noted it all down and then lost the lot So before I resort to being on hold or waiting in line for hours, only to get the wrong information, maybe some CCR/CCB gurus can help me get my head around it
Ok, so for financial year 2011-12 I have received 3 quarterly CCR payments and am awaiting the final quarters payment (only just lodged tax return).
I have elected to receive CCB @ 0% and claim as a lump sum at the end of the year and I'm trying to work out how much this might be. I have used the estimator, and I can figure out apprx how much we are owed. However, I remember the 2010-11 fin year I was entitled to CCB, and by receiving the CCB my out of pocket expenses were considered lower and therefore I received less CCR?
So is CCB calculated before CCR? Or the other way around? Or am I completely off?
Also, do I need to submit a form or claim for lump sum payment of CCB?
I've managed to thoroughly confuse myself, a little clarity please?!
Posted 07 February 2013 - 08:34 PM
full fees - CCB = eligible CCR component
50% of this amount ( up to $7500) = CCR
What is left is what you owe child care centre.
I dont know if it works the same in childcare centres but if you are really interested the calculations for CCB in FDC is 3.9 x 1.3333 / 100 x CCB percentage ( then / 100 x 85 for school aged children) will get you your CCB figure per hour.
Hope that helps...
Posted 07 February 2013 - 09:26 PM
That makes perfect sense, thankyou both very much
I have lodged a claim online for CCB, just to be on the safe side. A brief search of this forum revealed people are waiting for months for these claims to be paid!
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