Family Tax Benefit — End-of-Year Supplement & Reconciliation
After the financial year ends, Centrelink reconciles your FTB Part A and Part B payments against your actual taxable income. If you lodged your tax return within 12 months and meet immunisation/health check rules, you receive a top-up Supplement. Underestimate income and you face a debt; overestimate and you receive a top-up.
Official source
servicesaustralia.gov.auRelated topics
ftb supplementreconciliationbalancingfamily tax benefittax returncentrelinktop-upftb end of yearfamily tax benefit top upftb debtcentrelink reconciliationftb payment adjustmentftb overpaymentftb underpaymentftb supplement claimftb balancing statementincome reconciliation centrelink
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