I told you this was gonna happen in June https://twitter.com/asher_wolf/status/1275277952947638274?s=21 https://twitter.com/stephenjonesmp/status/1334379708167819265

Here’s the other side to it: if you don’t get a Centrelink payment or haven’t been getting CL for 26 weeks and you withdrew your super, you might not have been eligible under hardship considerations to withdraw it, according to the ATO

If you withdrew your super and are on a ‘speculative’ Centrelink payment based on estimated income, ffs, ensure you include the super amount as income and update your estimate with Services Australia or you’ll have a huge debt https://twitter.com/asher_wolf/status/1275278536580857861

These new debts resulting from super draw-down will pop up at EOFY 2020-21, after tax returns are submitted

Expect the middle class FTB crowd to be very upset. No one will have explained to them how super draw-down will fuck their FTB before they get hit with debts

Also this is your semi-regular reminder NEVER to take payments from ATO/CL based on forward estimates of income. Take your CCS / FTB after your tax is calculated, in a lump sum