The Rudd to recovery
TWEED sisters Sarah Moore and Christine Bruce have already spent their $900 stimulus bonus, and their sleeping babies Caiden and Chase will never know it was all on them.
Ms Moore and Ms Bruce, both of Banora Point, were at Tweed City Shopping Centre yesterday spending the remainder of their Rudd government economic stimulus payment on baby food, formula, clothing and toys for their newborns.
“We've both spent it all on them,” Ms Moore said regarding her son and nephew.
This week more than 8.7 million Australians who earned under $100,000 last financial year will begin to receive a cash bonus of up to $900.
The payments are part of the $42 billion stimulus package announced by the Rudd government aimed at protecting Australia from global recession.
Some of the money will be automatically transferred into bank accounts from today, while others will receive cheques in the mail.
Ms Bruce said in a perfect world she would have spent the money another way.
A wish list of items to spend the money on included hair, clothes and accessories.
“I've got a friend who received her money today and she's already out spending it somewhere,” Ms Moore said.
“We're both jealous.”
The Tweed sisters, who were also recipients of December's $10.4 billion federal government stimulus package, were some of the first in the country to receive the latest economic stimulus package.
Australian Taxation Office (ATO) second commissioner Jenny Granger said 1.2 million Australians are at risk of missing out unless they file tax returns for 2007-08 by June 30.
“They need to do so before June 30 to qualify for the tax bonus,” she said.
“The sooner they get it in, the sooner we can make the payments.
“Those who have already filed their returns will receive their payments by May 15.”
The ATO has already received more than 500,000 inquiries about the bonus, mostly relating to addresses and bank account details.
“The size of this payment over such a short time is the biggest one we have done in our history,” Ms Granger said.
The federal government unveiled the massive $42 billion package in February as a means of retaining 90,000 jobs over the next two years.
Federal treasurer Wayne Swan is hoping lightning will strike twice after he claimed the government's previous stimulus package helped retails in the December quarter rise by 1.8 per cent.