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 individual should have received based on:
Reconciliation is undertaken to ensure individuals receive their correct entitlement. If an individual has been underpaid, a top-up payment by Centrelink will be credited to their nominated bank account. If they have been overpaid, Centrelink will contact them to make recovery arrangements.
Note: CCB overpayments cannot be recovered through the tax system.
Last reviewed: 12 August 2013