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1.1.P.73 Payment delivery day (FTB)

Definition

For the purposes of FTB, the payment delivery day is the day an FTB instalment is normally credited directly credited to an applicant's account. Funds are available to the applicant on this day. The FTB payment delivery day must be a weekday.

 

If the applicant is receiving cheque payments instead of direct credit, the cheque is normally received on the payment delivery day.

 

The FTB payment delivery day is 2 days after the end of the instalment period. This is the time it takes for Centrelink and the financial institution to process the payment and make it available.

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Last reviewed: 6 April 2009


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Last Edited: 01/06/2012 5:45:44 PM


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