Reconciliation of Child Care Rebate (CCR) 007-03110020

Examples

Description

1

The result doesn’t include a waiver of the debt

Amount received throughout the year was $2,000

1st reconciliation, entitlement calculated was $1,500 and debt of $500 was raised.

2nd reconciliation, entitlement calculated was $1,000. Amount already received was $2,000, less current entitlement $1,000 = debt $1,000 (that is, an increase of $500 to the original debt of $500).

Account Payable letter currently shows, amount already received as $1,500, less current entitlement of $1,000 with a debt of $1,000.

Account payable letter should show, amount already received as $2,000 (that is, previous entitlement $1,500 plus debt $500) less current entitlement of $1,000 resulting in a debt of $1,000.

Incorrect display

Information about your family’s assessment for 2014-15

Child Care Rebate you have already received: $1500.00

Child Care Rebate you are entitled to: $1000.00

Child Care Rebate overpaid amount: $500.00

Amount payable: $1000.00

Correct display

Information about your family’s assessment for 2014-15

Child Care Rebate you have already received: $2000.00

Child Care Rebate you are entitled to: $1000.00

Child Care Rebate overpaid amount: $1000.00

Amount payable: $1000.00

2

The result includes a waiver of the debt

Amount received throughout the year was $1570

1st reconciliation, entitlement calculated was $1537 and debt of $33 was waived.

2nd reconciliation, entitlement calculated was $1543. Amount already received was $1570, less current entitlement $1543 = debt $27 (that is, a reduction of $6 to the original debt of $33).

Account Payable letter currently shows, amount already received as $1537 less current entitlement of $1543 with a debt of $6 and an adjustment (the real debt amount) of $27.

Account payable letter should show, amount already received as $1570 (that is, previous entitlement $1537 plus debt $33) less current entitlement of $1543 resulting in a debt of $27.

Incorrect display

Information about your family’s assessment for 2014-15

Child Care Rebate you have already received: $1537.00

Child Care Rebate you are entitled to: $1543.00

Child Care Rebate overpaid amount: $6.00

Adjustments made

Less waiver amount (you do not need to repay this): $27.00

Amount payable: $0.00

Correct display

Information about your family’s assessment for 2014-15

Child Care Rebate you have already received: $1570.00

Child Care Rebate you are entitled to: $1543.00

Child Care Rebate overpaid amount: $27.00

Adjustments made

Less waiver amount (you do not need to repay this): $27.00

Amount payable: $0.00