For the purposes of CCB, reconciliation of CCB entitlement occurs after the end of each income (financial) year. Reconciliation involves comparing the amount of CCB received throughout the year, with the amount the recipient should have received based on:
Reconciliation is undertaken to ensure recipients receive their correct entitlement. If a recipient has been underpaid, a top-up payment by the FAO will be credited to their nominated bank account. If they have been overpaid, the FAO will contact them to make recovery arrangements.
Note: CCB overpayments cannot be recovered through the tax system.
Last reviewed: 1 July 2009