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General Discussion >> General Board >> Lotto Winner Loses Access To Pension http://www.ozpolitic.com/forum/YaBB.pl?num=1703892648 Message started by whiteknight on Dec 30th, 2023 at 9:30am |
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Title: Lotto Winner Loses Access To Pension Post by whiteknight on Dec 30th, 2023 at 9:30am
‘So much for being lucky’: Lotto winner loses access to pension after winning $60,000
News.com.au December 30, 2023 A widower who won $60,000 on the Lotto only to have his pension ‘unexpectedly’ cut off is warning other Australians to be careful what they wish for. :( Frank Kemmler, 70, from Adelaide, told his family they were going on a holiday after he learnt he had won thousands of dollars in a Lotto draw. “It was certainly a nice feeling when I checked me numbers,” he told A Current Affair on Friday. “I rang the family. I said, ‘pack up, we’re going on a holiday!’” The excitement quickly came crashing down when he visited his local Centrelink and was told access to his pension would be cut as his Lotto winnings, paid out every month, was considered a form of income. “[It] was a bit of a disillusionment. You think you win on the one hand, but they take it away with the other hand,” he shared. “It was so unexpected, it took me a couple of days to realise I had just been cut off for no reason at all. So much for being lucky.” The 70-year-old was told his monthly Lotto winnings were considered a form of income. Mr Kemmler said he would have taken his winnings as a lump sum but he wasn’t given the option. The 70-year-old has now been left to pay full price for GP appointments and medication which were previously covered under the pension. Mr Kemmler’s monthly payments have also now died up. But when he reapplied to receive the pension on December 1, he was told “they were so busy” and he could wait for up to six months to receive the benefits. “Anybody would think I grew younger, I grew a year older not a year younger,” he said. :( Mr Kemmler said he wasn’t given the option to receive his Lotto winnings as a lump sum. He urged Aussies on the pension to be careful if they’re lucky enough to win Lotto as they too could have their benefits cut. “The pension is not really my main worry, because I’m just trying to stop other people from falling into the same trap,” he said. “These people that are buying these [lottery] tickets, there’s no warning anywhere … to say that you’re going to lose your pension. “If I’d known then what I know now, I would’ve given the win to my daughter and kept the pension for myself.” A spokesperson from Services Australia told news.com.au they “extend an offer to work directly with Mr Kemmler to ensure he’s getting the support he is eligible for”. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Belgarion on Dec 30th, 2023 at 10:25am
There is something odd about this. I had thought that lottery winnnings were exempt from from classification as income and any sort of taxation, at least for a certain amount of time. In any case, $ 60,000 will hardly set him up for life.
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 30th, 2023 at 10:32am
Wins aren't or shouldn't be considered income. Otherwise losses would be tax deductable.
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 30th, 2023 at 10:40am
this story does not add up.
a 60 grand windfall would not see you lose all those benefits. my elderly parents have $200 k in the bank and still get a health care card try not to make stuff up white knight |
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Title: Re: Lotto Winner Loses Access To Pension Post by Vic on Dec 30th, 2023 at 10:43am
"Mr Kemmler said he wasn’t given the option to receive his Lotto winnings as a lump sum.”
I thought Lotto was a lump sum win. What other way is there to take your winnings? I know in America it is a heavily taxed lump sum Vs a lower taxed monthly/annual amount. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 30th, 2023 at 10:44am
What's the bet the truth is that the old codger was receiving income from a source other than his winnings.
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 30th, 2023 at 10:50am Vic wrote on Dec 30th, 2023 at 10:43am:
it may have been one of those 'win for life' scratchie things where you get a set amount every week, and the reporter is lazily just calling it all lotto. |
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Title: Re: Lotto Winner Loses Access To Pension Post by A.I. on Dec 30th, 2023 at 12:55pm
I know someone who won $125,000 on a Scratchie - but he could only get it via fortnightly payments, not a Lump Sum. There was no option.
He still received the pension. WhiteKnight has been partying too hard this time of year. ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Dec 30th, 2023 at 1:22pm
While the winnings are not taxed, once it hits your bank account it becomes an asset. And depending on other assets may cause the pension to be stopped.
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 30th, 2023 at 1:31pm
No wonder so many pensioners hide their cash 'under the mattress' these days.
And the government knows they do but there isn't anything they can do about it at the moment and that's one of the reasons why they're trying to get rid of cash altogether. The Reserve Bank apparently keeps track of banknotes in circulation and they've noticed that a large number of 50 and 100 dollar notes have been out of circulation for many years (because they're 'hidden' under mattresses, etc.). I recall one of the (former?) mods here - I think it was Andrei Hicks - telling us some years ago about his elderly parents in Queensland having about $100,000 in cash hidden around the house so they wouldn't lose their pension and healthcare benefits, etc. Can't say I blame them actually. Especially these days where it seems that honest people get screwed by governments and business. And I'm sure they would have been just the 'tip of the iceberg'. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 1:45pm lee wrote on Dec 30th, 2023 at 1:22pm:
Every Govt. pension is means tested. I know someone who couldn't work after a triple heart bypass but because he owned a little unit that he was renting out he couldn't get a DSP pension. Centerlink wanted him to sell his unit and then pay the Govt capital gains tax and then live off that money as he still wouldn't be entitled to a pension. So - he went to the Govt. for help wanting money and their solution was for him to give them money. |
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Title: Re: Lotto Winner Loses Access To Pension Post by UnSubRocky on Dec 30th, 2023 at 3:06pm
Anything to save a buck with Centrelink.
People on Centrelink benefits who also work can lose their benefits if they get fired from their job. I know of a person who got fired from their job, unfairly. Even though Fair Work Australia sided with the worker in that the worker was unfairly dismissed, because that person signed a new workplace contract, they were considered a new employee -- despite being with the company for many years. This prevented action being taken against the company. Centrelink saw this as an opportunity to halt benefits for 8 weeks to the person. Even though the person got another job straight away with a competitor, it was lean spending for a while. The only happy ending was that the previous company had some mismanaging executives who were so arrogant that they ran the company into the ground. |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 30th, 2023 at 3:14pm Carl D wrote on Dec 30th, 2023 at 1:31pm:
taker mentality learning how to be a better leaner ::) ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 3:19pm aquascoot wrote on Dec 30th, 2023 at 3:14pm:
People paid high taxes all their working lives to give other people pensions and when it's their time to get some of their tax back as a pension the Govt. uses every excuse to get out of it. What happened? The Govts didn't set their tax money aside or invest it to pay back some day but they spent it all and then borrowed a trillion dollars more. The Govts lost your money and now don't want to pay it back - they can't pay it back - they even have to borrow money to pay you. That causes high inflation too. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 30th, 2023 at 3:26pm lee wrote on Dec 30th, 2023 at 1:22pm:
Yep. Unfortunately, that's what happened :( Centrelink just looks at the balance of your account - it makes no difference where the money came from. EDIT: Okay, I didn't actually read all of the story. He receives the $60,000 in instalments (?). Something doesn't add up here. EDIT #2: Oh, and A Current Affair is involved!? Yeah, nah. Something isn't right. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 30th, 2023 at 3:38pm Carl D wrote on Dec 30th, 2023 at 1:31pm:
aquascoot wrote on Dec 30th, 2023 at 3:14pm:
I know a few pensioners who would be more than happy to pay you a visit in Nowheresville, Outback Queensland (population: always 10) and 'lean' on you if I showed them your post. [smiley=evil.gif] |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 30th, 2023 at 3:57pm Carl D wrote on Dec 30th, 2023 at 3:38pm:
i know a tax department who would call them criminals |
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Title: Re: Lotto Winner Loses Access To Pension Post by Baronvonrort on Dec 30th, 2023 at 3:59pm whiteknight wrote on Dec 30th, 2023 at 9:30am:
Lump sum lotto wins are not considered income. You still have assets test for pension. If you want to gift money from assets to anyone there is a $10K per year limit for reducing assets with Centrelink. If you give away more than $10K a year they don't reduce this from your assets they only reduce your assets by 10K. This is to stop people giving money to family to qualify for pension. Any monthly payments are considered income for pension income test this includes lotto games like set for life. If you're on the pension don't play games that give winnings in monthly payments play those which give lump sums. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 4:07pm Fortunately it's not something that most people have to worry about - only a handful of people win lotteries every year. It is a bit rough considering Govts already make $billions out of lotteries in taxes. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 30th, 2023 at 4:15pm aquascoot wrote on Dec 30th, 2023 at 3:57pm:
Really? What crime have they committed? |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 30th, 2023 at 4:29pm greggerypeccary wrote on Dec 30th, 2023 at 4:15pm:
lying on the asset test and claiming excessive centrelink benefits very serious crime amazing leaners cant see their own moral bankruptcy |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 30th, 2023 at 4:51pm aquascoot wrote on Dec 30th, 2023 at 4:29pm:
What lie, exactly? |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Dec 30th, 2023 at 4:55pm greggerypeccary wrote on Dec 30th, 2023 at 4:51pm:
Any money you have is an asset. It depends whether it is over the deeming level. It doesn't have to be in the bank. |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 30th, 2023 at 5:05pm
gweggy exposed again
when you think about trump all day, you cant keep up with other issues we call this "opportunity cost" |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 30th, 2023 at 5:15pm greggerypeccary wrote on Dec 30th, 2023 at 4:51pm:
Was the question too hard for you? What lie do they tell which is a criminal offence? Here's the form: https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f.pdf So, where does it say "Do you ave any cash hidden under your mattress?" I'm curious. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 30th, 2023 at 5:16pm aquascoot wrote on Dec 30th, 2023 at 5:05pm:
Actually, you've been exposed as a liar (once again). Where on the form does it ask to declare all cash? https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f.pdf I'm curious. |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Dec 30th, 2023 at 5:19pm greggerypeccary wrote on Dec 30th, 2023 at 5:16pm:
"Financial investments Tell us about any financial investments you and your partner own, or partially own, in and outside Australia. Financial investments include any of these: bank, building society and credit union accounts cash on hand deeming accounts term deposit accounts uncleared cheques managed investments, including margin loans shares and securities." https://www.servicesaustralia.gov.au/asset-types?context=22526 |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 30th, 2023 at 5:19pm lee wrote on Dec 30th, 2023 at 4:55pm:
Really? Which section on the form asks the applicant to disclose their cash assets not in the bank? https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f.pdf |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Dec 30th, 2023 at 5:20pm
Answered above Dufus. ::)
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 30th, 2023 at 5:21pm lee wrote on Dec 30th, 2023 at 5:20pm:
Which section on the official form that applicants must sign asks for disclosure of cash? https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f.pdf Just give me the number. |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Dec 30th, 2023 at 5:32pm greggerypeccary wrote on Dec 30th, 2023 at 5:21pm:
Which one do you want it to be. Services Australia clearly says you must disclose. So if it isn't on the form, ask. Therefore, ignorance is no excuse. Although in your case, we may make an exception. ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 30th, 2023 at 5:35pm Carl D wrote on Dec 30th, 2023 at 3:38pm:
Literally, if you kicked the Zimmer frame from them. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 5:36pm greggerypeccary wrote on Dec 30th, 2023 at 5:21pm:
I did a.pdf search for cash and it's not mentioned as cash on hand. That's strange as they ask every other possible question. |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 30th, 2023 at 5:43pm
hi gweggy
if i'm wrong, i'll leave the forum forever ;D ;D ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by A.I. on Dec 30th, 2023 at 5:50pm aquascoot wrote on Dec 30th, 2023 at 5:43pm:
;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Dec 30th, 2023 at 6:01pm aquascoot wrote on Dec 30th, 2023 at 3:14pm:
What a load of horse poo Aqua A $60k win on anything, Lotto, Keno or Scratchies(which are also run by Lotto) is SFA. I have a small amount in my bank account & under $300k in my super & I still get the pension. Either this old bloke already had close to too much in his bank or asset capital .... or he's been royally savved by CentreLink. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 6:11pm
Thanks for the form Greggy - it's hilarious.
Stalin and Karl would be proud of those commies. https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f.pdf Quote:
My answer: I have a 25 year old chair worth $2. ;D I have a 6 year old toaster than I paid $14 for from Aldi that doesn’t work properly. ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 30th, 2023 at 6:13pm Gnads wrote on Dec 30th, 2023 at 6:01pm:
i was talking to carl, not this fictitous individual. but , no, you never want to win lotto you never want a dollar you didnt earn |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 30th, 2023 at 6:15pm
Research has shown that after one year, lottery winners go back to their baseline. Some are even less happy,” he said in a TED Talk earlier this year.
“A few probably spent their money on a big mansion or a fancy car. Maybe they spent it all on gambling. But even so, at the end of three months, it’s just a house, it’s just a nice car. You get used to it,” says Chopra, who has written a number of books about happiness. He calls this phenomenon hedonic adaptation, which is a concept that refers to people’s general tendency to return to a set level of happiness despite life’s ups and downs. In the talk, Chopra explains the four things that have been scientifically linked to happiness: 1 family and children 2 friends 3 giving 4 gratitude https://www.cnbc.com/2019/05/31/harvard-professor-says-winning-20-million-lottery-wont-make-you-happy-but-heres-what-will.html |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gordon on Dec 30th, 2023 at 6:19pm
Lottery winnings aren't subject to income tax but the resulting increase in assets will trigger a reassessment of what benefits you're entitled to.
As others have said, the 60 would have pushed him over a cutoff threshold. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Dec 30th, 2023 at 6:22pm aquascoot wrote on Dec 30th, 2023 at 6:13pm:
The dollar I may use to buy a lotto ticket once in a while ...... I phukkin earned. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 30th, 2023 at 6:26pm Bobby. wrote on Dec 30th, 2023 at 6:11pm:
;D ;D ;D I have a nearly 15 year old Hyundai Getz with over 150,000k on the clock and is insured for $5,246 (including accessories). I wonder if I'll need to 'declare' that when I apply for the age pension in about 6 months time? I also wonder if the pollies have to fill in a form like that Centrelink one when they apply for their pensions? For example - our former WA Premier Mark McGowan who now gets a $300,000 a year taxpayer funded pension on top of what he's getting paid for the 4 private sector jobs he currently has. Did he have to fill in that form? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 6:32pm Carl D wrote on Dec 30th, 2023 at 6:26pm:
You need to declare everything - even your: knife, fork and spoon and plate you use for dinner. Stalin said. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gordon on Dec 30th, 2023 at 6:41pm Bobby. wrote on Dec 30th, 2023 at 6:32pm:
Would I have to declare my Honda? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 6:44pm Gordon wrote on Dec 30th, 2023 at 6:41pm:
Of course and the person who gave it to you would have to declare it too as a gift. 54 – Quote:
Stalin said. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gordon on Dec 30th, 2023 at 6:46pm Bobby. wrote on Dec 30th, 2023 at 6:44pm:
I guess I'll have to sell my investment properties and give away Honda so I can get a tiny Govt stipend for a weekly can of cat food. >:( |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 6:48pm Gordon wrote on Dec 30th, 2023 at 6:46pm:
investment properties ;D Don't even bother filling it out. https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f.pdf question 44. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 30th, 2023 at 6:48pm Bobby. wrote on Dec 30th, 2023 at 5:36pm:
That's right. The official form does not ask how much cash they have. I've filled in about half a dozen of those forms for my parents, so I know. I filled one out in a Centrelink office recently (when my father passed away) and the Centrelink officer told me that I only needed to declare what money my mother had in banks, super, etc. So, once again, aquascoot is full of sh!t. |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Dec 30th, 2023 at 6:50pm greggerypeccary wrote on Dec 30th, 2023 at 6:48pm:
So they don't know about the cash yet? ;D ;D ;D ;D ;D ;D ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gordon on Dec 30th, 2023 at 6:52pm Bobby. wrote on Dec 30th, 2023 at 6:48pm:
My mum has loads of $ and I believe all she gets is a travel card. If I can get that I'll be happy |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 6:52pm greggerypeccary wrote on Dec 30th, 2023 at 6:48pm:
But what about the $100K under his mattress? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 6:53pm Gordon wrote on Dec 30th, 2023 at 6:52pm:
I know someone who gets nothing because he has super and some shares. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 30th, 2023 at 6:54pm lee wrote on Dec 30th, 2023 at 6:50pm:
They knew about it on the day I filled out the forms, but they said there was no need to declare it. "Just answer all the questions on the form, honestly" were her exact words. And as we all now know, the form does not ask anything about cash under the mattress, in the wallet/purse, or anywhere else. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 30th, 2023 at 6:57pm Bobby. wrote on Dec 30th, 2023 at 6:52pm:
It wasn't quite that much, and I (i.e. mum) didn't have to declare it. "Just answer all the questions on the form, honestly" were the Centrelink officer's exact words. And, as we all now know, the form does not ask anything about cash under the mattress, in the wallet/purse, or anywhere else. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 30th, 2023 at 7:03pm
About 5 or 10 years back I was reading about a country (I believe it was somewhere like Denmark but I'm not sure) where once you reached pension age you received a letter from the government and/or their Centrelink 'equivalent' congratulating you on reaching pension age and informing you that your pension payments will commence on whatever the date was when you became eligible.
I assume they must already have your bank account details on their records so they can commence payments (they probably have it from their Tax Department or whatever they call it over there). No 18 page, 60 question forms to fill in like Australia. No questions about assets such as ancient $2 chairs or $14 dodgy Aldi toasters. ;D Nothing but getting the age pension when eligible and not having any 'hoops' to jump through just to get it. Sounds like Heaven. 8-) |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 7:09pm Carl D wrote on Dec 30th, 2023 at 7:03pm:
Australia is a fools paradise - we put up with it and keep voting for their crap. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 30th, 2023 at 7:10pm Carl D wrote on Dec 30th, 2023 at 7:03pm:
That happens in Austria. 60 for women, and 65 for men. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Setanta on Dec 30th, 2023 at 7:14pm lee wrote on Dec 30th, 2023 at 6:50pm:
Gregg and Andrei in lockstep. That's something I thought I'd never see. |
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Title: Re: Lotto Winner Loses Access To Pension Post by A.I. on Dec 30th, 2023 at 7:27pm
Peccary dribbling his usual bulls_hit as usual. ::)
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 30th, 2023 at 7:29pm Setanta wrote on Dec 30th, 2023 at 7:14pm:
Andrei? - Andrei Hicks? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 30th, 2023 at 8:11pm greggerypeccary wrote on Dec 30th, 2023 at 7:10pm:
Thanks Greg. [smiley=thumbsup.gif] |
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Title: Re: Lotto Winner Loses Access To Pension Post by Dnarever on Dec 30th, 2023 at 8:37pm
Wonder if he had the payment go into a super account or something like that ? It should then be invisible to centrelink with only a small reporting footprint.
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Title: Re: Lotto Winner Loses Access To Pension Post by Dnarever on Dec 30th, 2023 at 8:39pm greggerypeccary wrote on Dec 30th, 2023 at 7:10pm:
Now 67 for both and forms that are close to impossible to fill out. |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Dec 30th, 2023 at 8:42pm greggerypeccary wrote on Dec 30th, 2023 at 6:54pm:
So the |
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Title: Re: Lotto Winner Loses Access To Pension Post by Baronvonrort on Dec 30th, 2023 at 8:45pm
As i pointed out in post #17
Quote:
$5K a month for 12 months puts you over income limit. Monthly payments are considered income. |
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Title: Re: Lotto Winner Loses Access To Pension Post by JC Denton on Dec 30th, 2023 at 9:45pm
just buy a house with it like a good parasite then the winnings will be exempted from the pension asset test
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Dec 30th, 2023 at 9:48pm JC Denton wrote on Dec 30th, 2023 at 9:45pm:
Only if it is your first house. ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by JC Denton on Dec 30th, 2023 at 10:05pm
U would know hey?
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 5:49am greggerypeccary wrote on Dec 30th, 2023 at 6:48pm:
your logic is incorrect "its not on the form so i'm in the clear " if my son the electrician is filling in his tax return , he cant say "well there was no column for cashies , so i'm in the clear to not declare cashies" if they want to know about the value of your motorcyle, they want to know about cash under the mattress. if you think you are correct, give us your name and tax file number and centrelink identifier and go do a stat dec and we will send it into the investigation unit and get a ruling on your behalf. no you wont you realise you are committing a crime but your moral superiority wont let you admit it. you are a leaner and a parasite, recieving tax payer money you are not entitiled to :'( :'( :'( |
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Title: Re: Lotto Winner Loses Access To Pension Post by Grappler Truth Teller Feller on Dec 31st, 2023 at 6:22am
Hard to show one's resilience on a mere fifteen large a month... whatever ...tax free ... look at all the poor, struggling politicians missing out on family etc for around twenty five large a month...
In all future elections I know how I'll be voting - NONE of the parties and a carefully sifted selection of the rest.... |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 7:13am lee wrote on Dec 30th, 2023 at 8:42pm:
Which section on the form asks for cash to be declared? Just give us the number. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 31st, 2023 at 7:24am aquascoot wrote on Dec 31st, 2023 at 5:49am:
His logic is absolutely correct. And obviously you don't have a lot of dealings with government departments (Federal and State) because if you did then you should know that the #1 rule in dealing with them is "never draw unnecessary attention to yourself by giving them information they don't ask for". Quote:
lol... well, yes he can. And, if he made his own column to declare "cashies" I'm pretty sure he'd be the only one in Australia who did that (as well as being an idiot). Quote:
Maybe they do? Who knows? But, if there isn't a section on the form where you need to add it then it isn't going to be added (unless you're an idiot like "your son the electrician" and add it yourself). And even then... being a government department which always plays exactly by their 'rules' (as they all do) Centrelink would probably just ignore it anyway. Or have a good laugh just before they ignore it ("Hehe... have a look at what this idiot's put on the form"). ;D Quote:
lol... yes, I'm sure you would. And, also I'm sure Greg or any other member here would be more than happy to provide personal information like that for you to do it. ::) Quote:
Again... what crime is he or anyone else committing by not declaring something that Centrelink is not asking you to declare? Quote:
Why is he or anyone else being a "leaner and a parasite" and not entitled to the money if Centrelink's form is filled in correctly and truthfully and they determine that you are entitled to it? |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 7:36am
What degree of naivete would be required to imagine that welfare agencies, tax agencies and police departments would not be interested in the activities of those hoarding large sums of cash?
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 7:37am Dnarever wrote on Dec 30th, 2023 at 8:39pm:
yes - that's deliberate so that some people give up. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 7:38am MeisterEckhart wrote on Dec 31st, 2023 at 7:36am:
Which section on the form asks for cash to be declared? Just give us the number. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 31st, 2023 at 7:48am MeisterEckhart wrote on Dec 31st, 2023 at 7:36am:
Oh, I'm sure they are interested. But, unless they have a search warrant to go to someone's house and tear it apart to look for hoarded cash (and they need to have a real good reason to do it) then there's really nothing they can do about it. This is one of the reasons (possibly the main reason) why the government is trying to get rid of cash altogether or at the very least make high denomination notes invalid if they're not put into a bank within a certain amount of time. Good luck trying to get away with something like that in Australia. I'm sure the government is aware of how many pensioners there are in Australia who use nothing but cash and what will happen to any government at the next election that tries to get rid of cash or make large banknotes invalid. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 7:50am greggerypeccary wrote on Dec 31st, 2023 at 7:38am:
The number these agencies would be focussed on, if they were focussed at all, is the cash amount. If you ask around you'll find that, post someone's death or severe decline, individuals within these agencies can display a great degree of latitude where small sums of cash are concerned. However, formally, it is the person who has legal control of the estate or a person's affairs who must take ultimate responsibility for declaring all of the estate's assets. |
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Title: Re: Lotto Winner Loses Access To Pension Post by AusGeoff on Dec 31st, 2023 at 8:30am In Australia, lottery winnings are generally considered tax-free. This is because they are classified as windfall gains, which are non-assessable by the Australian Taxation Office. Do you have to report lottery winnings to ATO? Prizes may include cash, low-interest or interest-free loans, holidays or cars. However, you don't need to declare prizes won in ordinary lotteries such as lotto draws and raffles. For this reason, I can't see that this bloke's winnings would affect his pension in any way, as they're not defined as income or earnings—being non-taxable. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 8:37am
Nevermind Lotto, what happens when someone inherits, say, $250K where there is no tax liability?
Does anyone believe that someone could still pull a pension when they're flush with 1/4 million? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 8:39am AusGeoff wrote on Dec 31st, 2023 at 8:30am:
You're wrong - I heard a story of a dole recipient in Melbourne who went to Crown Casino and won an amount of about $5,000 on a poker machine and was give a cheque as they wouldn't give him the cash. He put it in his bank account and to make a long story short - his dole was cut for many long months by Centrelink. It would have been better if he had never won it. |
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Title: Re: Lotto Winner Loses Access To Pension Post by AusGeoff on Dec 31st, 2023 at 8:49am Bobby. wrote on Dec 31st, 2023 at 8:39am:
No mate, I'm not wrong... https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/income-you-must-declare/scholarships-prizes-and-awards/prizes-and-awards And... your little story about the $5K winner is wrong and only third-party hearsay—unless you'd like to post a link confirming the story. There is NO way a $5K win would take someone off Centrelink unemployment benefits. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 8:51am AusGeoff wrote on Dec 31st, 2023 at 8:49am:
Correct. That story might have been what was told to Bobby, but it's a bullshit story. An urban myth perpetuated on talk-back radio shows. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 8:53am MeisterEckhart wrote on Dec 31st, 2023 at 7:50am:
Which section on the official Centrelink assets form, to be signed by the applicant, asks for cash to be declared? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 8:55am greggerypeccary wrote on Dec 31st, 2023 at 8:51am:
It's a well known true story. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 8:56am AusGeoff wrote on Dec 31st, 2023 at 8:49am:
Yes way. All concerned agencies need is to suspect that the cash was laundered. They do not need proof 'beyond reasonable doubt'. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 8:56am Bobby. wrote on Dec 31st, 2023 at 8:55am:
A talk-back radio urban myth. Complete & utter bullshit. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 8:58am
Listen guys -
I know for certain that people on the dole who were so short of money they started selling their own furniture and other stuff to try an get some money on eBay. When Centrelink saw the money in their bank account they had their dole cut for months. Centrelink is evil. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 8:58am Bobby. wrote on Dec 31st, 2023 at 8:55am:
And, I'd bet a common story where the agency decides to treat the 'windfall' with suspicion. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 9:03am Bobby. wrote on Dec 31st, 2023 at 8:58am:
I agree with you on the last bit. The rest is bullshit. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 9:04am Bobby. wrote on Dec 31st, 2023 at 8:58am:
No. Centrelink employees are tasked with identifying fraudulent claims. They are predisposed to be suspicious of 'windfalls' in the same way insurance companies are with theft claims. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 9:06am MeisterEckhart wrote on Dec 31st, 2023 at 9:04am:
greggerypeccary wrote on Dec 31st, 2023 at 9:03am:
Of course they're evil - that's why Robodebt took off so easily - no one at Centrelink has any scruples - they are all communist scumbags. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 9:08am Bobby. wrote on Dec 31st, 2023 at 9:06am:
Robodebt is the overreach that proves the predisposition of welfare agencies to be suspicious of windfalls. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 9:11am Bobby. wrote on Dec 31st, 2023 at 8:58am:
They are indeed evil, however, they do not monitor your bank account. Stop listening to talk-back radio & old ladies with blue hair playing the pokies at Crown. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 9:14am greggerypeccary wrote on Dec 31st, 2023 at 9:11am:
Centrelink has a direct link to your bank account - no search warrant required - they are a very powerful Govt. agency - Stalin would be so proud of them. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 9:18am Bobby. wrote on Dec 31st, 2023 at 9:14am:
Calm down, Bobby. "Contrary to popular belief, Centrelink does not in fact have access to your bank account and doesn’t monitor it when working out your payment rate. Instead, the rate of payment you receive from Centrelink is based on the assets and any work income you specified the last time you gave them your financial information. "This means that if your bank account balance has recently been reduced – either due to increased spending or unexpected emergency costs that have come up – then Centrelink won’t know about it until you notify them of the changes." |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 9:21am greggerypeccary wrote on Dec 31st, 2023 at 9:18am:
Greggy, stop spreading bullshit on social media. Centrelink has direct access to everyone's bank account - no search warrant is required. So does the Tax Dept. and other unnamed Govt. agencies - such as ASIO and the Federal police. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 9:24am Bobby. wrote on Dec 31st, 2023 at 9:21am:
And Austrack. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 9:26am MeisterEckhart wrote on Dec 31st, 2023 at 9:24am:
Sure - Greggy believes the words of Centrelink ;D https://www.austrac.gov.au/ |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 9:29am Bobby. wrote on Dec 31st, 2023 at 9:21am:
They don't monitor your bank account, Bobby. Take your medication, sit down, and take a deep breath. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 9:30am greggerypeccary wrote on Dec 31st, 2023 at 9:29am:
Greggy trying to gaslight me. tsk tsk ::) ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 9:42am
For anyone wondering how welfare, tax and policing agencies crunch the numbers on cash flow should start with Benford's Law.
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Title: Re: Lotto Winner Loses Access To Pension Post by A.I. on Dec 31st, 2023 at 9:44am
Peccary is a known liar and fraud on this Forum.
He needs to go back to Trump topics. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 9:44am Bobby. wrote on Dec 31st, 2023 at 9:30am:
He hasn't factored in the informal exchange of information among agencies. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 9:46am Bobby. wrote on Dec 31st, 2023 at 9:30am:
Just take the meds, and lay down. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 9:52am MeisterEckhart wrote on Dec 31st, 2023 at 9:44am:
Greggy doesn't know. ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 9:56am Bobby. wrote on Dec 31st, 2023 at 9:52am:
The determining factor with relevant agencies is one of focused interest. They do not lack the means of accessing, formally and informally digital/electronic records. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 9:58am MeisterEckhart wrote on Dec 31st, 2023 at 9:56am:
Big Brother is watching you - he sees everything. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 10:06am Bobby. wrote on Dec 31st, 2023 at 9:58am:
Generally only if you're 'worthy' of focussed interest, although with the rapid rise of AI, what would have taken months of manual investigation, has now been reduced to less than a few hours or even minutes. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Dec 31st, 2023 at 10:07am Gordon wrote on Dec 30th, 2023 at 6:41pm:
Declare it what? :P |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 10:38am MeisterEckhart wrote on Dec 31st, 2023 at 10:06am:
Yes - the searches are most likely automatic - done by robot software - which detects any anomalies. I think that's how Robodebt worked? |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 10:42am Bobby. wrote on Dec 31st, 2023 at 10:38am:
Robodebt was a gross overreach and the result of an overestimation of the current state of AI. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 10:48am MeisterEckhart wrote on Dec 31st, 2023 at 10:42am:
Yes - as I said before the Govts. created this problem where they don't have enough money to pay their pension liabilities: Again - People paid high taxes all their working lives to give other people pensions and when it's their time to get some of their tax back as a pension the Govt. uses every excuse to get out of it. What happened? The Govts didn't set their tax money aside or invest it to pay back some day but they spent it all and then borrowed a trillion dollars more. The Govts lost your money and now don't want to pay it back - they can't pay it back - they even have to borrow money to pay you. That causes high inflation too. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 10:53am Bobby. wrote on Dec 31st, 2023 at 10:48am:
Politicians are not immune from the human instinct and tendency to externalise and deflect their failures onto others. |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 11:03am greggerypeccary wrote on Dec 31st, 2023 at 8:53am:
from the official services australia website If the value of your assets changes You need to tell us if your overall asset values increase above what is already recorded. We need to know if the value has increased by the following amounts: $2,000 or more for financial assets $1,000 or more for non-financial assets. IF YOU HAVE FINANCIAL ASSETS MORE THEN $2000 above what is RECORDED you need to tell us . clearly cash is a financial asset gweggy and carl are welfare frauds they are thieves and criminals disgraceful selfish entitled stuff https://www.servicesaustralia.gov.au/asset-types?context=22526 |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:07am aquascoot wrote on Dec 31st, 2023 at 11:03am:
Which section on the official Centrelink assets form, to be signed by the applicant, asks for cash to be declared? https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f.pdf Just give us the number. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 11:07am
Aqua,
Quote:
Are you gunna dob em in? |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 11:11am greggerypeccary wrote on Dec 31st, 2023 at 11:07am:
You're the sort of bush lawyer who gets the naive into a lot of sh!t. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:11am Bobby. wrote on Dec 31st, 2023 at 11:07am:
Hey Bobby, which section on the official Centrelink assets form, to be signed by the applicant, asks for cash to be declared? https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f.pdf Just give us the number, please. Thanks. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:12am MeisterEckhart wrote on Dec 31st, 2023 at 11:11am:
Which section on the official Centrelink assets form, to be signed by the applicant, asks for cash to be declared? https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f.pdf Just give us the number. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 11:15am greggerypeccary wrote on Dec 31st, 2023 at 11:11am:
Go and see them - give yourself up. You'll get a lesser sentence. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 11:16am greggerypeccary wrote on Dec 31st, 2023 at 11:12am:
Your African parrot act tells us you have no idea what Centrelink could and would do if they discovered you have undeclared cash assets. They don't need proof of any wrongdoing to withhold payments. Short of lawyering up to sue, the onus is on you to explain to Centrelink why they should restore your payments. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:17am MeisterEckhart wrote on Dec 31st, 2023 at 11:11am:
How could they get into trouble? The official form doesn't ask for cash to be declared. And, even if it did (which it does not), Centrelink doesn't do midnight raids looking under mattresses. So, please explain how people could get "into a lot of sh!t". |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:18am MeisterEckhart wrote on Dec 31st, 2023 at 11:16am:
Explain to everyone here exactly how that would happen? Does Centrelink have a "Mattress Squad". I'm curious. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 11:19am Bobby. wrote on Dec 31st, 2023 at 11:15am:
Will Greggy get a cell alongside Trump and Rudy. ;D ;D ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 11:20am greggerypeccary wrote on Dec 31st, 2023 at 11:17am:
Centrelink doesn't have to raid your home. If they suspect you have access to reserves of undeclared cash, they will withhold payments and leave it to you to explain. And good luck getting sympathy from a court where you're flush with cash and suing to restore your pension. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 11:21am greggerypeccary wrote on Dec 31st, 2023 at 11:18am:
The trouble is you're not curious, hence your parrot act. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:22am MeisterEckhart wrote on Dec 31st, 2023 at 11:20am:
So, which section of the form was it again? |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 11:27am MeisterEckhart wrote on Dec 31st, 2023 at 11:20am:
You people need to live in the real world. The courts need proof that he's flush with cash. Robodebts conclusion show what the courts think of centrelinks suspicions and guesses. |
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Title: Re: Lotto Winner Loses Access To Pension Post by A.I. on Dec 31st, 2023 at 11:29am
I reckon Australians who have worked hard to become rich in the past 222+ years since being Convicts.
Should be entitled to ripping off all the lazy bludgers that started as Free Settlers, but have become reliant on Free handouts. I say: Rip Em Off!!! Push them down into the bowels of poverty to become our self-sufficient domestic population growth. Unless you prefer to 'import' Indians and Yellow Asians at 500,000 per year (1 million in 2 years, 5 million in just 10 years)? This country needs Super Rich to Culturally empower this country beyond a dependence on America & Britain from afar. This country needs a Super Poor to Racially empower this country beyond a dependence on foreign imports. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:31am MeisterEckhart wrote on Dec 31st, 2023 at 11:21am:
The trouble is you believe urban myths parroted on talk-back radio. I've filled in at least six of these forms for my parents over recent years. I know from first-hand experience. The form does not ask you to disclose any cash, and the officers behind the desk do not ask you if you have any cash. As I've explained before, they specifically say: "Answer every question on the form honestly, and then sign it. That's all the information we need". By all means though, show me on the form the section that asks for all cash to be disclosed. Maybe I skipped over it. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 11:36am greggerypeccary wrote on Dec 31st, 2023 at 11:22am:
79 Do you (and/or your partner) have any cash holdings? Include notes and coins you have in a safety deposit box, or you are holding instead of putting it into a bank account, or someone else is looking after for you. Do NOT include cash you have for shopping and other day to day expenses |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 11:37am Don't worry Greggy - unless you buy something worth over $10,000 in cash then there are no records to bring you down. You got away with it. Phew. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 11:39am MeisterEckhart wrote on Dec 31st, 2023 at 11:36am:
there is no part 79 the highest number is 62. ::) https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f.pdf |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 11:41am Bobby. wrote on Dec 31st, 2023 at 11:39am:
https://www.servicesaustralia.gov.au/sites/default/files/2023-10/aus140-2310nz.pdf |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:43am MeisterEckhart wrote on Dec 31st, 2023 at 11:36am:
There is no section/question 79 on the official form. So, again, which section of the form is it again? THIS is the form Centrelink hands you and asks to fill out and sign: https://www.servicesaustralia.gov.au/sites/default/files/2023-07/sa369-2307en-f.pdf Which section/question asks you to disclose cash? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 11:44am MeisterEckhart wrote on Dec 31st, 2023 at 11:41am:
OK - a different form. How many bloody forms are there? |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:45am MeisterEckhart wrote on Dec 31st, 2023 at 11:36am:
I keep $50,000 cash on hand for shopping and other day to day expenses. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 11:49am greggerypeccary wrote on Dec 31st, 2023 at 11:45am:
Good luck with that declaration. A Russian caviar diet due to a medical issue? |
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Title: Re: Lotto Winner Loses Access To Pension Post by A.I. on Dec 31st, 2023 at 11:51am
I've just sent an anonymous letter to Centrelink declaring a Guitar Shop owner in Perth (not the other two) has heaps in Cash more than declared. I've printed out a photo of his post.
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 11:51am Bobby. wrote on Dec 31st, 2023 at 11:44am:
It pays to seek advice from a professional financial adviser. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:52am Bobby. wrote on Dec 31st, 2023 at 11:44am:
Indeed. That's the form my parents would have filled in decades ago to initially claim the pension, when they had no cash under the mattress. The asset forms they need to fill in every now and then, once they are already receiving the pension, does not ask about cash. Moreover, the initial form specifically says "Do NOT include cash you have for shopping and other day to day expenses." My mother keeps about $40,000 - $50,000 cash on hand for shopping and other day to day expenses so, if she was applying for the pension today (and filling in that form), she wouldn't have to declare that money. They tell her specifically NOT to. |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 11:52am
Why do so many insist on highlighting their stupidity publicly over and over again?
:D :D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 11:53am greggerypeccary wrote on Dec 31st, 2023 at 11:45am:
it says - giving false or misleading information is a serious offence. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:53am MeisterEckhart wrote on Dec 31st, 2023 at 11:49am:
You aren't paying attention. There would be no declaration - the form specifically says "Do NOT include cash you have for shopping and other day to day expenses". |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:55am Bobby. wrote on Dec 31st, 2023 at 11:53am:
No information would be given, Bobby. The form specifically says: "Do NOT include cash you have for shopping and other day to day expenses". |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 11:56am greggerypeccary wrote on Dec 31st, 2023 at 11:52am:
Now you're heading towards reality and what Centrelink determines is a reasonable amount of cash on hand for shopping and other day-to-day expenses. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 11:56am greggerypeccary wrote on Dec 31st, 2023 at 11:55am:
OK - just make sure the $50 grand doesn't fall out of your pocket as you leave Centrelink. ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:58am Bobby. wrote on Dec 31st, 2023 at 11:56am:
Why would it matter? It's what she uses for shopping and other day to day expenses. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 11:59am MeisterEckhart wrote on Dec 31st, 2023 at 11:56am:
And that amount is ... ??? |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 12:01pm greggerypeccary wrote on Dec 31st, 2023 at 11:59am:
Whatever Centrelink determines it is. If they find out you have $50K and decide that is unreasonable, they could withhold your pension and leave it to you to explain. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 12:02pm Centrelink wants Greggy's arse now. ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 12:03pm MeisterEckhart wrote on Dec 31st, 2023 at 12:01pm:
You really aren't paying attention. The form specifically says: "Do NOT include cash you have for shopping and other day to day expenses". So how would they find out how much cash anyone has on hand? Are we back to the "Midnight Mattress Squad"? |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 12:12pm greggerypeccary wrote on Dec 31st, 2023 at 12:03pm:
You have no idea of the latitude that is given, under acts and regulations, to administrative departments. How Centrelink comes to know about your cash holdings is one thing... What they can do about it after they know is another. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 12:14pm MeisterEckhart wrote on Dec 31st, 2023 at 12:12pm:
And that was the question. So ... ??? Moreover, spending $50,000 a year on shopping and day to day expenses seems quite conservative. I'm quite sure that I spend much more than that. |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 12:16pm Bobby. wrote on Dec 31st, 2023 at 12:02pm:
Not if they're looking for a Perth guitar shop owner. :D :D Who was the moron who came up with that one? |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 12:17pm greggerypeccary wrote on Dec 31st, 2023 at 12:14pm:
The usual ways... A relative or associate dobs you in. You're part of a broader investigation into money laundering... |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 12:19pm greggerypeccary wrote on Dec 31st, 2023 at 12:14pm:
Are you eating Russian caviar, and buying/selling cars for cash? |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 12:20pm MeisterEckhart wrote on Dec 31st, 2023 at 12:17pm:
Dobs someone in for what? $50,000 for shopping and day to day expenses over the course of a year is quite reasonable. Not many luxuries can be bought with that sort of money. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 12:21pm MeisterEckhart wrote on Dec 31st, 2023 at 12:19pm:
$961 a week for shopping and day to day expenses is not extravagant. Not even close. Rent alone will set someone back at least $400. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 12:24pm greggerypeccary wrote on Dec 31st, 2023 at 12:20pm:
You may think $50K is reasonable, but it's Centrelink that gets to make the call when it comes to paying a pension. Up to $10K in cash on hand would fly under the radar... $50K... not so much. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 12:26pm greggerypeccary wrote on Dec 31st, 2023 at 12:21pm:
And over the course of say five years, for example, that's only $192 per week for shopping and day to day expenses. But lets assume that the average pensioner will live for another ten years once they start receiving the pension. If they have $50,000 under their mattress, that's only gonna leave them with $96 per week for shopping and other day to day expenses. Living the high life! |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 12:26pm greggerypeccary wrote on Dec 31st, 2023 at 12:21pm:
List the expenses (excluding debt like mortgage and credit cards) that would top out at $1K per week. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 12:28pm MeisterEckhart wrote on Dec 31st, 2023 at 12:26pm:
Lets assume that the average pensioner will live for another ten years once they start receiving the pension. Quite reasonable. If they have $50,000 under their mattress, that's only gonna leave them with $96 per week for shopping and other day to day expenses. |
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Title: Re: Lotto Winner Loses Access To Pension Post by A.I. on Dec 31st, 2023 at 12:29pm
Peccary still dribbling his usual lies and bulls_hit as always. ;D
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 12:30pm Jasin wrote on Dec 31st, 2023 at 12:29pm:
Maths, not lies. Grab a calculator. If they have $50,000 under their mattress, that's only gonna leave them with $96 per week for shopping and other day to day expenses if they live for another ten years. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 12:30pm greggerypeccary wrote on Dec 31st, 2023 at 12:28pm:
Do they have a right to a pension while they can support themselves for at least 2-3 years? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 31st, 2023 at 12:30pm aquascoot wrote on Dec 31st, 2023 at 11:03am:
Where did Carl say I was hiding cash or committing welfare fraud? I don't get a cent from Centrelink at the moment. I haven't had any money from Centrelink since the mid 1980's when I was unemployed for several years (it was known as the Department of Social Security back then). I didn't even bother renewing my Low Income Health Card last month (which I have been entitled to, by the way) because I will be applying for the age pension in about 6 months time. So, please show me the proof that I am a thief and a criminal. I'll wait. (By the way - you're still an idiot). |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 12:33pm Carl D wrote on Dec 31st, 2023 at 12:30pm:
hi carl you said my son would be an idiot for declaring cashies classic taker mentality do you agree pensioners have a duty to declare any cash they have as an asset |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 12:36pm MeisterEckhart wrote on Dec 31st, 2023 at 12:30pm:
Nobody could support themselves on $96 per week. Moreover, Centrelink specifically says NOT to declare that money. So, the answer to your question is 'yes' and it's perfectly legal. If they live for 15 years (to the age of roughly *82), they'll only have $64 per week for shopping and day to day expenses. *The life expectancy for Australia in 2022 was 83.79 years, a 0.18% increase from 2021. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 31st, 2023 at 12:36pm aquascoot wrote on Dec 31st, 2023 at 12:33pm:
Carl D wrote on Dec 31st, 2023 at 12:30pm:
Still waiting... |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 12:37pm aquascoot wrote on Dec 31st, 2023 at 12:33pm:
Centrelink doesn't agree. The official form specifically says: "Do NOT include cash you have for shopping and other day to day expenses". |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 12:45pm greggerypeccary wrote on Dec 31st, 2023 at 11:12am:
youre getting desperate now gweggy i assure you, the cash economy is not immune from the scrutiny of centrelink, the tax department and the child support agency you are naive beyond belief, or more likely a liar. i know a business guy who was audited they asked him to show where the cash came for multiple things in his possession. we even had a politician get into grief for a bottle of expensive wine they had in their possession ( i forget who) their powers are broad ranging if , for example, your parents never got money out of the bank for groceries and had groceries , the auditors could ask "how" if someone tipped them off, you would be surprised how cunning they are. as for my son the electrician an old lady we know is actually paid by the ATO to get tradies out to do little jobs (fix a leaky tap, change a light bulb) she pays cash and doesnt ask for a reciept. after a couple of years, the tax department pull the trap. and they come down on them like a ton of bricks. massive fines. i have told my son to NEVER do a cashie |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 12:48pm greggerypeccary wrote on Dec 31st, 2023 at 12:36pm:
Could they support themselves for 2 to 3 years with $50K? |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 12:48pm
I wasn't aware the tax office audited pensioners! Does that happen often?
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 12:51pm Carl D wrote on Dec 31st, 2023 at 12:36pm:
you supported gweggys position that pensioners should hide money you support welfare fraud dont come the raw prawn as for gweggys saying you can have cash for groceries, that doesnt mean you can keep a stash under the mattress to avoid tripping the assets test rules grow up |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 12:53pm Quote:
I'm calling bullshit. 'After a couple of years' how do the tax office prove one of the hundreds if not thousands of deposits over the 2 years, didn't include her cash? ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 12:55pm John Smith wrote on Dec 31st, 2023 at 12:48pm:
youre kidding the ATO dont audit pensioners? they can just claim government money whenever they please. they send out teams to investigate carers pensions, they check single mothers pensioners bedroom drawers for male underwear. you guys are living under a rock if you want to sleep soundly at night DO NOT rip off the ATO (and by extension your fellow citizens ) |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 12:57pm John Smith wrote on Dec 31st, 2023 at 12:53pm:
rubbish company recors have to be kept for 7 years. they can say "show us the cash deposit of $150 for the job done at mrs blogs on the 1/6/2021?" they pull out his quick books or myob and its not there busted |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 12:59pm aquascoot wrote on Dec 31st, 2023 at 12:55pm:
No. Now can you show where the ato ever audited a pensioner? |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 1:00pm greggerypeccary wrote on Dec 31st, 2023 at 12:37pm:
Administrative departments are given latitude to interpret acts and regulations. One year, reasonable cash reserves, in their opinion might be, say $10K, another it might be $15K. What is the clincher with government payments is that the agency determines what is reasonable, not the recipient. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 1:00pm MeisterEckhart wrote on Dec 31st, 2023 at 12:48pm:
Would be a bit of a struggle. Anyway, whether it's 2 to 3 years or 10 to 15 years, Centrelink specifically says: "Do NOT include cash you have for shopping and other day to day expenses". If granddad only has a year to live, and he has a $1,000 a week hooker & blow habit that he pays for with cash, that's fine with Centrelink - they don't wanna know about it. Remember, the form specifically says: "Do NOT include cash you have for shopping and other day to day expenses". However, if average life expectancy is 83, and let's assume someone gets the pension at 67, that's 16 years to live on the example of $50,000. Works out to $60 per week for shopping and day to day expenses. Not much. Based on those figures, I would guess (and it's only a guess) Centrelink wouldn't be worried about anything around $100,000 or less. That would give the average pensioner $120 cash per week for shopping and day to day expenses ($17 per day). |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 1:01pm aquascoot wrote on Dec 31st, 2023 at 12:57pm:
Its in that $1000 I deposited for cash jobs that week . |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 1:03pm John Smith wrote on Dec 31st, 2023 at 1:01pm:
i'm sure the ATO would buy that ;D ;D ;D ;D ;D ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 1:04pm aquascoot wrote on Dec 31st, 2023 at 12:51pm:
Not fraud. Quite the opposite. The official pension form specifically says: "Do NOT include cash you have for shopping and other day to day expenses". If they do report the cash they are doing so against the explicit request of the government. "Do NOT include cash you have for shopping and other day to day expenses". White flag accepted. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 1:05pm greggerypeccary wrote on Dec 31st, 2023 at 1:00pm:
This is why your bush lawyering is a danger to yourself and others. Pensions are paid to ensure people can survive, not thrive. If a prospective pensioner can maintain themselves through their cash reserves, then generally speaking they do not require a pension until they can't. With $50K, a person without debt could support themselves for at least 2 years. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 1:06pm MeisterEckhart wrote on Dec 31st, 2023 at 1:05pm:
Couldn't be any clearer: "Do NOT include cash you have for shopping and other day to day expenses". |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 1:10pm aquascoot wrote on Dec 31st, 2023 at 1:03pm:
What they 'buy' is irrelevant, it's what they can prove that's important. If your answer is reasonable, they have no choice but accept it. If they want to prove you are lying that's up to them to figure out See, I knew you lied about the old lady. Why do you feel you need to lie? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Grappler Truth Teller Feller on Dec 31st, 2023 at 1:12pm
Lotto etc wins into a family trust ... ME????? I don't get anything!!
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 1:15pm John Smith wrote on Dec 31st, 2023 at 1:10pm:
hi thick as they get mrs blogs to pay a tradie 200 dollars cash on 31/12/2023 they wait 2 years til trqadie has filed they conduct an audit show us the receipt for this job and show us the entry for the 20 gst for the 31/12/2023 for a job you did at mts blogs you do realise you have to account for your cash deposits, and you have to pay your gst. you cant just make a guesstimate thank god you have been on welfare all your life. you would be in jail if you tried to operate a business ::) ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 1:18pm greggerypeccary wrote on Dec 31st, 2023 at 1:04pm:
as per the services autralia website you MUST tell us if you have assets over 2000 dollars that are not recorded already so 2 grand under the mattress may be ok anymore is welfare fraud white flag accepted |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 1:19pm MeisterEckhart wrote on Dec 31st, 2023 at 1:05pm:
No lawyering needed - bush, city, or otherwise. The official form specifically says: "Do NOT include cash you have for shopping and other day to day expenses". The form does not set a limit on how much cash, how long the cash has to last for, or what it can or cannot be used for. Just a very vague "shopping and other day to day expenses". Grandpa can shop for Viagra and Cuban cigars every day of the week, and get hookers to visit him at home daily - as a day to day expense - and pay for it all with cash. Now, that's gonna get expensive for poor old grandpa so he's gonna need at least $100K under his (well-worn) mattress if he plans to live for another couple of years. |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 1:21pm Quote:
I don't recall doing a job on that particular day. Can you prove I was there? Can you prove I was paid cash and can you prove I was paid on that same day? The gst is with the gst included in the rest of the $1000 I deposited that week for cash jobs I don't believe you own any businesses horseboy, you don't even understand how the tax office works |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 1:22pm John Smith wrote on Dec 31st, 2023 at 1:21pm:
Is that an oxymoron? ;) |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 1:25pm greggerypeccary wrote on Dec 31st, 2023 at 1:22pm:
Actually Greg, I've always found the tax office one off the better run government departments. I'd rather phone them a dozen times than phone the department of social security once. |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Dec 31st, 2023 at 1:35pm JC Denton wrote on Dec 30th, 2023 at 10:05pm:
Yeah. Property is an asset. The same as money, shares, debentures etc. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 1:36pm John Smith wrote on Dec 31st, 2023 at 1:25pm:
I've never had to deal with them much really. They do seem pretty efficient, I guess. My tax return is simple to do online, and the refund is in my bank within a week or so. Centrelink, on the other hand, grrrrrrr >:( I've been dealing with my parents' pensions for the last few years, and it's not fun. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 1:40pm greggerypeccary wrote on Dec 31st, 2023 at 1:36pm:
Although, they did do one good thing for my mother after my father died. They gave her about $3,000 for funeral costs. |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 1:57pm John Smith wrote on Dec 31st, 2023 at 1:21pm:
i dont recall that will throw them off the scent they do these stings to send a shudder through the whole industry its also illegal for a tax agent to cover for the cash economy i dont believe you have ever run a business ;D ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Dec 31st, 2023 at 1:59pm John Smith wrote on Dec 31st, 2023 at 12:16pm:
Jasin ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Dec 31st, 2023 at 2:09pm MeisterEckhart wrote on Dec 31st, 2023 at 12:24pm:
I don't have/carry 12 months worth of cash for day to day expenses & shopping. It's in the bank in a working account ... Centrelink know what I have in there. And it gets less by the weeks. They also know what I have in Superannuation & what allocated pension is paid from that.... my wife isn't eligible for the pension until April 2024 ..... we have a joint bank account ... whats mine is hers. I get half the couples rate of pension - $826 per fortnight .... that will double when my wife is eligible. I will then reduce the amount paid by my super as an allocated pension. I would never keep $50k cash in the house ... madness I told my father when he was alive(ex bank manager) that he shouldn't do it either when I found he had $7,000 in his house. They lived where they did for 30 years & never had a break-in ... then they had 2 within 6 weeks. Same bastards..... got $10k worth of cash, jewellery and valuable Lodge regalia. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 2:18pm Gnads wrote on Dec 31st, 2023 at 2:09pm:
Yes, I'd agree with that. People who'd keep $50K in the house would be hard-pressed to find a lot of sympathy when street dogs work it out and roll them for it. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Dec 31st, 2023 at 2:19pm MeisterEckhart wrote on Dec 31st, 2023 at 12:30pm:
$50k won't support you for 2 to 3 years. I retired early at 63 because of medical issues, we had to live on my super alone until I was 66.5 yrs old. I got what Centre Link considered the full pension for a couple where 1 partner is not eligible when I turned 66 & 1/2. I thought that was Irish logic because a single pension is about $1,050 per fortnight ... they said all I could have was half of the couples rate of $1,600 a fortnight. My wife has not worked for 30 years. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 2:23pm Gnads wrote on Dec 31st, 2023 at 2:19pm:
Did you still have debt (e.g. mortgage, loans, credit card debt etc) ? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 31st, 2023 at 2:28pm aquascoot wrote on Dec 31st, 2023 at 12:51pm:
I've walked up to Belmont Forum and back since my last post and I was kinda hoping you would have come up with something better than that in my absence. But instead... all I can see is your usual attempts at deflection. So, again... where is your proof that I am hiding cash or committing welfare fraud as you've claimed? While you're at it, perhaps you can also show me proof that I support welfare fraud as you are now trying to claim I do. I also don't seem to recall Greg saying pensioners should hide their money. You really do seem to like making things up to suit your 'agenda', don't you? And, no... me saying that I can't blame pensioners for hiding cash "under the mattress" these days isn't the proof you're looking for. Take your time... I have all day now. :) |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Dec 31st, 2023 at 2:32pm aquascoot wrote on Dec 31st, 2023 at 12:45pm:
Funny how in the last few months I had jobs done by a small motors business, a car detailer and a smoke alarm installer .... and they all wanted cash. Ride on mower repairs were $198 Ceramic coating applied to paint work on my car $2650 Install new required standard connected smoke alarms in the house - $500 All registered ABN business who also advertise their businesses on radio, Local Search & TV all wanted cash. No receipts. |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Dec 31st, 2023 at 2:39pm
"In 2021–22 the agency completed a total of 18,901 RSS reviews covering the
following 13 social welfare payments, representing 97% of social welfare outlays:" ... "Our prevention, detection and disruption activities include: • staff fraud and corruption awareness raising to ensure staff understand their responsibilities to prevent fraud and corruption and report suspicious behaviour • collaboration across government to achieve whole-of-government fraud and corruption control outcomes" ... "In 2021–22, our effort to combat fraud and corruption led to: • 709 criminal investigations • 988 administrative investigations • 203 referrals to the CDPP." ... "Table 34: Social welfare compliance activity 2019–20 2020–21 2021–22 Compliance interventions 898,574 194,770 165,948 Reductions in fortnightly payments 71,841 26,834 34,113 Value of fortnightly reductions $25.2 million $15.6 million $20.5 million Prevented outlays $52.7 million N/A (a) N/A (a) Debts raised 142,155 31,654 25,682 Total debt value $364.4 million $59.2 million $54.9 million" ... "Table 35: Debts raised from customers who received social welfare payments 2019–20 2020–21 2021–22 Number of debts raised 1,758,484 1,693,911 1,636,710 Amount raised $2.4 billion $2.0 billion $2.1 billion" https://www.servicesaustralia.gov.au/sites/default/files/2022-10/annual-report-2021-22.pdf Just a few excerpts from the Services Australia Annual Report 2022. "Liquid assets waiting period" "It applies if you have funds equal to or more than either: $5,500 if you’re single with no dependants $11,000 if have a partner or you’re single with dependants." https://www.servicesaustralia.gov.au/liquid-assets-waiting-period?context=51411 Cash is a liquid asset. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Dec 31st, 2023 at 2:43pm MeisterEckhart wrote on Dec 31st, 2023 at 2:23pm:
I did when I retired .... but that was paid off with my super. I haven't had a credit card for nearly 40 years. When I did have one .... it helped keep us broke. |
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Title: Re: Lotto Winner Loses Access To Pension Post by A.I. on Dec 31st, 2023 at 2:46pm
So we can see by quite a number of posts and members here, that CASH is still a 'bonus' aspect.
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 2:46pm Gnads wrote on Dec 31st, 2023 at 2:32pm:
they run the risk you report them annonymously. and then they are on the ATO radar for life. its not worth a good nights sleep a tax audit is a serious stressor |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 2:49pm Carl D wrote on Dec 31st, 2023 at 2:28pm:
gweggy is bragging about getting 3000 from centrelink for a funeral when there was cash under the mattress. you western australians may think thats a good deal i'm calling it fraud you supporting keeping cash under the mattress is fraud. own it |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 2:56pm Gnads wrote on Dec 31st, 2023 at 1:59pm:
I wish! |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 3:23pm aquascoot wrote on Dec 31st, 2023 at 1:57pm:
I don't care what it does for their scent. It's what they can prove that's important. Why did you make up that story about the old lady? Worried your stupidity would shine through without it? |
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Title: Re: Lotto Winner Loses Access To Pension Post by A.I. on Dec 31st, 2023 at 3:24pm greggerypeccary wrote on Dec 31st, 2023 at 2:56pm:
Pecker presses the Panic Button. ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 3:26pm Gnads wrote on Dec 31st, 2023 at 2:32pm:
The closest horseboy has ever come to running a business is selling bags of horseshit at his farm gates. |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 3:28pm aquascoot wrote on Dec 31st, 2023 at 2:46pm:
Report what you idiot? That they paid cash? Cash is still legal in this country you dumbarse. If you rang the ato to report someone using cash they'd probably investigate you for mental illness |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 3:32pm John Smith wrote on Dec 31st, 2023 at 3:28pm:
Yep, perfectly legal. Anyone know what colour the sky is in aquascoot's world? |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 3:45pm John Smith wrote on Dec 31st, 2023 at 3:28pm:
Paying in cash is not illegal, (even if banks and governments are doing what they can to deter and disrupt cash transactions). However, the receiving of cash for goods and services, where the transaction details are not recorded or declared, is tax evasion. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 3:46pm MeisterEckhart wrote on Dec 31st, 2023 at 3:45pm:
Who did that? :o |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 4:30pm Greggy - give yourself up - you'll get a much lighter sentence. |
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Title: Re: Lotto Winner Loses Access To Pension Post by A.I. on Dec 31st, 2023 at 4:41pm Bobby. wrote on Dec 31st, 2023 at 4:30pm:
Do you think Peccary will be blowing the harmonica while with his 'Bubba', in a prison cell? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 4:47pm Jasin wrote on Dec 31st, 2023 at 4:41pm:
The soap - pick it up. ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 4:49pm Bobby. wrote on Dec 31st, 2023 at 4:47pm:
What's for dinner tonight, Booby? Just you and JaSin? https://youtu.be/1rR-wqxRjIg |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 4:50pm Greggy, |
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Title: Re: Lotto Winner Loses Access To Pension Post by UnSubRocky on Dec 31st, 2023 at 4:51pm greggerypeccary wrote on Dec 31st, 2023 at 12:21pm:
$125/week in rent. Food $100/week ($200/fortnight groceries). Electricity, internet and phone about $250/month. Other expenses might be $100/week. Did spend something like $150/week in booze. Trying to cut that out. Even then, $900+ a week in groceries, utilities, rent/mortgage and other things seems excessive. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 4:53pm UnSubRocky wrote on Dec 31st, 2023 at 4:51pm:
Do you live in 1986? |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 4:53pm MeisterEckhart wrote on Dec 31st, 2023 at 3:45pm:
Great, prove it's not recorded. The tax office doesn't care how you get paid or how you record it. They just care that you pay your tax on it. |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 4:55pm greggerypeccary wrote on Dec 31st, 2023 at 4:53pm:
He lives in a house his parents own and rent to him discounted. If unsub ever had to fend for himself he'd struggle |
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Title: Re: Lotto Winner Loses Access To Pension Post by Setanta on Dec 31st, 2023 at 4:59pm greggerypeccary wrote on Dec 31st, 2023 at 11:07am:
Quote:
Quote:
Cash on hand is an asset. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:01pm Setanta wrote on Dec 31st, 2023 at 4:59pm:
Cash on hand is an asset.[/quote] "This does not include money in your bank accounts or cash held to meet day-to-day expenses and to pay outstanding bills." |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 5:01pm Setanta wrote on Dec 31st, 2023 at 4:59pm:
Cash on hand is an asset.[/quote] Posters have been trying to tell Greggy that all day. ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:02pm Bobby. wrote on Dec 31st, 2023 at 5:01pm:
Posters have been trying to tell Greggy that all day. ::)[/quote] From Set's link: "This does not include money in your bank accounts or cash held to meet day-to-day expenses and to pay outstanding bills." Again: "This does not include money in your bank accounts or cash held to meet day-to-day expenses and to pay outstanding bills." Is English your first language? Do you understand what "not" means? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 5:05pm Quote:
me no speaky English but know how to fill out Centrelink form. ;) |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:06pm Bobby. wrote on Dec 31st, 2023 at 5:05pm:
Could not be clearer: This does not include money in your bank accounts or cash held to meet day-to-day expenses and to pay outstanding bills. |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 5:11pm John Smith wrote on Dec 31st, 2023 at 4:53pm:
now i KNOW youve never run a business ;D ;D ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Setanta on Dec 31st, 2023 at 5:17pm greggerypeccary wrote on Dec 31st, 2023 at 5:01pm:
"This does not include money in your bank accounts or cash held to meet day-to-day expenses and to pay outstanding bills." [/quote] Your bank contents are addressed elsewhere and a few grand in day to day expenses or outstanding bills does not include mattresses stuffed with cash. You know this. Having a house or a house worth of money is no different, it's an asset. Number 36. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:17pm Bobby. wrote on Dec 31st, 2023 at 5:01pm:
Posters have been trying to tell Greggy that all day. ::)[/quote] I've been telling you this all day: "Cash on hand "Enter the amount of cash you have on hand. This does not include money in your bank accounts or cash held to meet day-to-day expenses and to pay outstanding bills. Enter the amount in whole dollars without any cents. For example, an amount of $100.25 can be entered as $100" How long will it take to sink in? If grandpa needs $200,000 cash under his mattress to pay for his day-to-day expenses of hookers & blow, or to pay his outstanding bar tab, he does not need to declare it to Centrelink. They specifically state this: "This does not include money in your bank accounts or cash held to meet day-to-day expenses and to pay outstanding bills." |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:18pm Setanta wrote on Dec 31st, 2023 at 5:17pm:
Your bank contents are addressed elsewhere ...[/quote] Yes. Nobody suggested anything to the contrary. That money must be declared. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:22pm Setanta wrote on Dec 31st, 2023 at 5:17pm:
... a few grand in day to day expenses or outstanding bills does not include mattresses stuffed with cash. ...[/quote] Says who? Show us where Centrelink, or anyone else in authority/government, says that by law a mattress can't be stuffed with $500,000. If the average pensioner is going to live for another 16 years, how is $100,000 unreasonable. That's $120 a week to cover day to day expenses and outstanding bills. Not much. "This does not include |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 5:24pm greggerypeccary wrote on Dec 31st, 2023 at 5:06pm:
$2000 limit its on the services australia website ::) ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:25pm aquascoot wrote on Dec 31st, 2023 at 5:24pm:
Yet you won't provide a link. "This does not include ... cash held to meet day-to-day expenses and to pay outstanding bills." |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 5:25pm greggerypeccary wrote on Dec 31st, 2023 at 5:17pm:
I've been telling you this all day: "Cash on hand "Enter the amount of cash you have on hand. This does not include money in your bank accounts or cash held to meet day-to-day expenses and to pay outstanding bills. Enter the amount in whole dollars without any cents. For example, an amount of $100.25 can be entered as $100" How long will it take to sink in? If grandpa needs $200,000 cash under his mattress to pay for his day-to-day expenses of hookers & blow, or to pay his outstanding bar tab, he does not need to declare it to Centrelink. They specifically state this: "This does not include money in your bank accounts or cash held to meet day-to-day expenses and to pay outstanding bills."[/quote] completely wrong. if grandpa has 200,000 dollars, that affects his pension stop lying |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 5:26pm John Smith wrote on Dec 31st, 2023 at 4:53pm:
Well, that's the thing. If you don't record it, (including not issuing a receipt), did the transaction occur? Doing a cashie, (or under the table), as you know, is code for providing goods and services for which no invoice or receipt will be issued, usually in exchange for splitting the difference in tax overheads. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:26pm aquascoot wrote on Dec 31st, 2023 at 5:25pm:
completely wrong. if grandpa has 200,000 dollars, that affects his pension [/quote] Not if it's cash. "This does not include ... cash held to meet day-to-day expenses and to pay outstanding bills." |
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Title: Re: Lotto Winner Loses Access To Pension Post by Setanta on Dec 31st, 2023 at 5:29pm greggerypeccary wrote on Dec 31st, 2023 at 5:26pm:
Not if it's cash. "This does not include ... cash held to meet day-to-day expenses and to pay outstanding bills." [/quote] No-one holds 200k for day to day expenses. It's day to day not year on year or decade on decade. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 31st, 2023 at 5:30pm
Honestly... aquascoot reminds me of The Black Knight in Monty Python and the Holy Grail.
https://www.youtube.com/watch?v=ZmInkxbvlCs "'Tis but a scratch" ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Dec 31st, 2023 at 5:31pm Setanta wrote on Dec 31st, 2023 at 5:29pm:
Should Greggy give himself up? :-/ |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Dec 31st, 2023 at 5:32pm MeisterEckhart wrote on Dec 31st, 2023 at 5:26pm:
Doing a job and getting paid in cash doesn't mean it was undeclared. Horseboy was trying to say that everyone gnads paid cash for services rendered (prior post), would be on some ato watch list. Horseboy doesn't know what he's talking about . |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:34pm Setanta wrote on Dec 31st, 2023 at 5:29pm:
No-one holds 200k for day to day expenses. It's day to day not year on year or decade on decade.[/quote] Excuse me? Are you saying day to day means just enough for literally two days? Where are you getting this from - the Centrelink form? Pensioners will need money for their day to day expenses for the rest of their lives (16 years, on average). Where on any government website or form does it stipulate that day to day is limited to a week, a month, a year, or a decade? Show me the link, and I'll concede defeat. day-to-day: "happening regularly every day". |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 5:34pm Setanta wrote on Dec 31st, 2023 at 5:29pm:
I'd like to see this play out in court. Someone suing the state over the withholding of pension because it turned out they had $200K in cash buried in the backyard! |
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Title: Re: Lotto Winner Loses Access To Pension Post by Setanta on Dec 31st, 2023 at 5:37pm MeisterEckhart wrote on Dec 31st, 2023 at 5:34pm:
They'd be sure to win with Gregg as their representation. ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 5:37pm John Smith wrote on Dec 31st, 2023 at 5:32pm:
go away stupid you said the ato dont care how you record it. BS pecca says you can have 200 k cash on hand and get centrelink benefits without declaring it BS try your BS somewhere else the ATO would have you both for breakfast and no one should listen to you (on tax or any thing else for that matter) |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 5:37pm greggerypeccary wrote on Dec 31st, 2023 at 5:34pm:
It means whatever Centrelink determines it means, or what a court determines a 'reasonable person' would think it means. |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 5:38pm MeisterEckhart wrote on Dec 31st, 2023 at 5:34pm:
yeah pablo escobar got the pension ::) ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:38pm greggerypeccary wrote on Dec 31st, 2023 at 5:34pm:
Excuse me? Are you saying day to day means just enough for literally two days? Where are you getting this from - the Centrelink form? Pensioners will need money for their day to day expenses for the rest of their lives (16 years, on average). Where on any government website or form does it stipulate that day to day is limited to a week, a month, a year, or a decade? Show me the link, and I'll concede defeat. day-to-day: "happening regularly every day". [/quote] White flag accepted. |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 5:39pm MeisterEckhart wrote on Dec 31st, 2023 at 5:37pm:
its on the services austrlaia website anything above 2000 HAS to be recorded |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:39pm MeisterEckhart wrote on Dec 31st, 2023 at 5:37pm:
Cite your case law. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 5:41pm greggerypeccary wrote on Dec 31st, 2023 at 5:38pm:
You'll be sacheting off, then? The state gets to determine what's what when the state's doing the paying. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:42pm MeisterEckhart wrote on Dec 31st, 2023 at 5:41pm:
Cite your case law. Simple enough request. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Setanta on Dec 31st, 2023 at 5:45pm MeisterEckhart wrote on Dec 31st, 2023 at 5:41pm:
Gregg likes to do that. Mark his own homework kinda thing he has going on. I saw no white flag. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:46pm Setanta wrote on Dec 31st, 2023 at 5:45pm:
I saw no answer to my question. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Setanta on Dec 31st, 2023 at 5:48pm greggerypeccary wrote on Dec 31st, 2023 at 5:46pm:
You did, you responded to them. The question number, the help sheet on what assets are. You are just trying to play the jester now. Snatch another white flag, snatch two! |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:49pm Setanta wrote on Dec 31st, 2023 at 5:48pm:
Where did you get your legal definition for "day to day"? |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Dec 31st, 2023 at 5:51pm greggerypeccary wrote on Dec 31st, 2023 at 5:42pm:
I'm assuming from you silence, that you have no case law to support your argument. I suspected as much ;) Happy New Year [smiley=beer.gif] Happy New Year to everyone [smiley=beer.gif] [smiley=beer.gif] And Bobby, enjoy the lashings of gravy. |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Dec 31st, 2023 at 5:57pm
That says "day to day" not for the next 3-10 years. It also gives an example - $100. Try telling them that your day to day expenses are $200k. ;D ;D ;D ;D ;D
http://classic.austlii.edu.au/au/legis/cth/consol_act/aia1901230/s36.html The Acts interpretation Act. Day to day is a period then of ONE day. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Dec 31st, 2023 at 6:04pm Setanta wrote on Dec 31st, 2023 at 5:48pm:
He's playing the bush lawyer. Regulations allow latitude to administrative agencies on these matters. On this, in the first instance, it only matters what the agency determines 'day to day' means. Common sense would indicate that it should mean those expenses you pay daily - e.g. food, petrol, general shopping items... If regulations had to list all items that are included, they'd spend all parliamentary time updating regulations. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 31st, 2023 at 6:08pm Carl D wrote on Dec 31st, 2023 at 2:28pm:
aquascoot wrote on Dec 31st, 2023 at 2:49pm:
Where did I say I'm supporting keeping cash under the mattress? I said I don't blame pensioners for doing that which isn't saying I support it. "own it"? The only one (well, one of several people actually) who is getting "owned" (or "pwned" to be more accurate in Internet 'lingo') in this thread is YOU. Happy New Year everyone. [smiley=beer.gif] And thanks to whiteknight for a most entertaining and enlightening thread (is this a new record for the number of replies in a whiteknight thread?). 8-) |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 6:27pm Carl D wrote on Dec 31st, 2023 at 6:08pm:
heres whar carl said in reply 75' But, unless they have a search warrant to go to someone's house and tear it apart to look for hoarded cash (and they need to have a real good reason to do it) then there's really nothing they can do about it. sounds like you are supporting hiding cash ::) ::) |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Dec 31st, 2023 at 6:33pm aquascoot wrote on Dec 31st, 2023 at 6:27pm:
Ah, "sounds like". Yes, of course. It all makes sense now. ::) (Your New Years Resolution should be to get your hearing checked ASAP). |
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Title: Re: Lotto Winner Loses Access To Pension Post by Setanta on Dec 31st, 2023 at 6:40pm Carl D wrote on Dec 31st, 2023 at 6:33pm:
Perhaps incitement to? |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Dec 31st, 2023 at 6:51pm
the aged pension is already too generous
young people face crippling rents, hecs debts and cost of living whilst oldies who own their own home have spare cash for pokies and cruises and now they want to hide cash from centrelink under their bed so they can maximise the parasitism disgraceful stuff |
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Title: Re: Lotto Winner Loses Access To Pension Post by Setanta on Dec 31st, 2023 at 7:03pm aquascoot wrote on Dec 31st, 2023 at 6:51pm:
Not for pensioners that rent. |
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Title: Re: Lotto Winner Loses Access To Pension Post by UnSubRocky on Dec 31st, 2023 at 10:24pm greggerypeccary wrote on Dec 31st, 2023 at 4:53pm:
The house belongs to relatives. I live there and pay enough rent to cover expenses. Food is something I can be really frugal about, given that I am just paying for my own groceries. |
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Title: Re: Lotto Winner Loses Access To Pension Post by UnSubRocky on Dec 31st, 2023 at 10:39pm John Smith wrote on Dec 31st, 2023 at 4:55pm:
I will have to admit that things are going to be a lot different in the coming years. Mum reminded me of things to come last night, when she asked me to sign as witness to her death insurance claim. If I ever had to fend for myself, like I have in the last 22 years, not much would change. But, if my folks died in a car crash, it would be such a life-changing experience, I am going to be a completely different person. I would agree that it would be a struggle. But the coming 6 weeks are going to be a struggle, even if my parents won lotto and lived to be 90 years old. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Dnarever on Dec 31st, 2023 at 10:55pm aquascoot wrote on Dec 31st, 2023 at 6:51pm:
Aged pension is way too stingy for many who have paid into it for their entire life. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Dnarever on Dec 31st, 2023 at 11:02pm aquascoot wrote on Dec 31st, 2023 at 6:51pm:
Quote:
Remember when Whitlam made education free - how it should be. Quote:
Older people also have to pay for their cost of living ? Quote:
You don't seem to get much right do you? |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Jan 1st, 2024 at 5:20am Dnarever wrote on Dec 31st, 2023 at 10:55pm:
incorrect superannuation is something you pay into your while life that is personally yours the taxes the boomers paid were used to pay for the services they recieved looking at government debt, they didnt pay enough they did a bit too much leaning and not enough lifting they are the first generation to pass on a lower standard of living to the next even now they buy SUV's and tow caravans around whilst the government insist young people must embrace expensive renewables. expensive EV's and live in the rental properties the boomers own thanks to negative gearing its time to include the family home in the assets test for the pension and for aged care to asset strip those who use its services the younger generation cannot carry the burden of a bloated entitled older generation who are that selfish |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 5:36am
Aqua - that's nonsense.
Now Centrelink has some type of adversarial system where we’ll have to fight to get every penny out of the Govt. They are borrowed pennies too as the Govt has to issue Govt bonds and the RBA has to print money to pay for them or there would be no money for social security. Why – they spent all our tax money – it’s gone. People paid high taxes all their working lives to give other people pensions and when it's their time to get some of their tax back as a pension the Govt. uses every excuse to get out of it. What happened? The Govts didn't set their tax money aside or invest it to pay back some day but they spent it all and then borrowed a trillion dollars more. The Govts lost your money and now don't want to pay it back - they can't pay it back – without money printing from the RBA - they even have to borrow money to pay you. That causes high inflation too - risking hyperinflation. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Jan 1st, 2024 at 7:51am
Paying working-life tax is not a personal investment plan for retirement.
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Jan 1st, 2024 at 8:04am MeisterEckhart wrote on Jan 1st, 2024 at 7:51am:
It is in places like the UK where part of the tax paid each week by every worker goes into a government pension fund so there's plenty of money to pay pensions. Apparently there was a similar scheme here in Australia until the Menzies Liberal/Country Party Federal government got their greedy little hands on it and spent it all in the 1950's and then it was scrapped. Fortunately for UK workers their Pension Fund (worth trillions of pounds from what I've heard) has been set up in such a way that greedy politicians cannot get their grubby little hands on it and spend it like what happened to ours. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 8:05am MeisterEckhart wrote on Jan 1st, 2024 at 7:51am:
The Govt put our retirement money into consolidated revenue - they never set aside any money to pay our pensions. Any private company that did that - lets say a Building society or pension scheme such as Aussie Super - would be charged with a criminal offence - their directors would be in jail for life - for embezzlement of clients money. The Govt. somehow gets away with embezzlement - they are the biggest crooks in Australia. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 8:24am Carl D wrote on Jan 1st, 2024 at 8:04am:
Yes - in other countries that money was protected. No crook in Australia has done even 0.1% of the embezzlement crimes the Govt. has - and does it every second - and then they set up an adversarial system with Centrelink where you have to fight and beg to get your own money back. Only one form has 92 questions and goes on for 20 or more pages. You also need many pages of supporting documentation which is difficult to find. I wonder if some people end up in court trying to fight Centrelink to get their own tax money back? |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Jan 1st, 2024 at 8:35am Bobby. wrote on Jan 1st, 2024 at 8:24am:
Tax paid is not a personal investment fund. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 8:37am MeisterEckhart wrote on Jan 1st, 2024 at 8:35am:
For me and millions of other people it is. Reality - the more tax you paid the less pension you'll get. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Jan 1st, 2024 at 8:40am Bobby. wrote on Jan 1st, 2024 at 8:37am:
Did you contribute to your superannuation fund over the years? Your employers have contributed on your behalf for decades. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Jan 1st, 2024 at 8:45am greggerypeccary wrote on Dec 31st, 2023 at 4:49pm:
;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 8:47am MeisterEckhart wrote on Jan 1st, 2024 at 8:40am:
Of course I have super - everyone who worked does. BTW - that super money paid by my employers was money they couldn't give to me. Same with bloody payroll tax. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Jan 1st, 2024 at 8:48am greggerypeccary wrote on Dec 31st, 2023 at 4:53pm:
No he lives at his families home ... rent subsidised by the Bank of Mum & Dad. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Sir lastnail on Jan 1st, 2024 at 8:54am MeisterEckhart wrote on Jan 1st, 2024 at 8:40am:
Which begs the question at to why the pollies don't use aussie super etc instead of selling off public owned assets and shoveling it in a future fund for the pollies to help themselves too ?? What is good for the goose is good for the gander ?? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Jan 1st, 2024 at 9:00am MeisterEckhart wrote on Jan 1st, 2024 at 8:40am:
Superannuation is something different to a government run pension fund like they have in the UK. For starters, with a government run pension fund workers wouldn't be paying the outrageous fees and charges that banks and super companies charge just to look after workers' money. I've said this before but I used to wonder why the Australian government didn't/doesn't run the entire superannuation system themselves - through the Australian Taxation Office and Centrelink (for super pension payments, etc.) or through some separate department set up to do it. And then one day it dawned on me - when the compulsory superannuation system was announced by the government over 30 years ago I could just imagine the banks (and others 'suddenly' wanting to set up super companies) rubbing their hands together with glee thinking about all of the lovely (for them) fees and charges they could get by running the super system instead of the government. "We'll look after this" is what I'm sure they said to the government (maybe also with a few big bags of cash handed under the table to 'help' the government decide). Greedy b@stards... but it doesn't surprise me one bit. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 9:03am Sir lastnail wrote on Jan 1st, 2024 at 8:54am:
No politician has to go to Centrelink and beg for money - they get massive pensions for life. Only the sheep voters have to visit Centrelink. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Jan 1st, 2024 at 9:09am Bobby. wrote on Jan 1st, 2024 at 9:03am:
Indeed. I'm pretty sure former WA Premier Mark McGowan didn't have to go through Centrelink to get his $300,000 a year taxpayer funded pension when he quit politics last year. In fact, I'm certain he's never set foot in a Centrelink office in his entire life. Same as the rest of the pollies, past and present. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 9:15am Carl D wrote on Jan 1st, 2024 at 9:09am:
Yet people keep voting for those scumbags who make rules to benefit themselves. Common people have to fight for every penny. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Rosie on Jan 1st, 2024 at 9:18am
I haven't read all the replies to this post but I do have a question for all of you in the know.
I was told by a centerlink worker years ago that centerlink does not have access to your bank account, they only know what you tell them. When did it happen that centerlink can now access your bank account? |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Jan 1st, 2024 at 9:20am greggerypeccary wrote on Dec 31st, 2023 at 5:06pm:
I dunno Peccar .... When I retired at 63yrs old I had a mortgage - which was in a flexi-mortgage account ..... which could be redrawn on when ever you needed it. I paid the mortgage amount out in full & that left me with the full total of funds available ..... I kept that account open for a monthly fee just in case .... up until I became eligible for the pension.. even though that money was not mine & I was paying a fee to hold the account open..... because I hadn't closed it down before I was assessed Centrelink deemed it as a cash asset and then reduced my pension for 1 week until I had rectified that status by closing the mortgage account. It cost me $360 to close that account & get the Bank removed from the title & for me to be issued with a document record of title transfer. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Jan 1st, 2024 at 9:39am aquascoot wrote on Dec 31st, 2023 at 6:51pm:
BS..... Young people get rent assistance/subsidies scheme depending on their circumstances, if they are parents they get the FTB & may also be eligible for childcare subsidies. Just like you get to write off tax & farm equipment through depreciation when you run your farm at a loss .... every year ;) ;D Tell me why "oldies" many of whom have worked all their lives & raised & supported children should not get to have money to play the pokies or go on a cruise in their retirement? You'd have them all shackled to the loom until the day they died. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Jan 1st, 2024 at 9:42am UnSubRocky wrote on Dec 31st, 2023 at 10:24pm:
$125 wouldn't cover a thimble. In reality you pay board ... not rent ... & phuckall at that.... in 2023. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Jan 1st, 2024 at 9:48am aquascoot wrote on Jan 1st, 2024 at 5:20am:
Which was? You talk shyte - they paid income tax, GST, medicare levy, they paid rego, insurance on house & cars, rates, electricity, water, school fees, Uni fees etc etc..... they paid for everything. And you you miserable git would deny them some luxury/perks in their old age/retirement. Super wasn't available for the whole working lives of many Boomers. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Jan 1st, 2024 at 9:52am Carl D wrote on Jan 1st, 2024 at 8:04am:
It used to happen here too ..... until some slimy Politicians decided to put it into general internal revenue. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Jan 1st, 2024 at 9:56am Carl D wrote on Jan 1st, 2024 at 9:09am:
And he gets to continue to hold down 3 or 4 other jobs in the private sector on top of that. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Jan 1st, 2024 at 10:04am Rosie wrote on Jan 1st, 2024 at 9:18am:
They don't have "access" in the sense you're implying Rosie. But up to twice a year they may ask you to supply information about you bank & super balances. I provided bank & super statements when applying. They know where you bank & where your super is held .... your superannuation fund reports to them in February & August every year regarding your account status. They are linked to Medicare, Services Australia & the ATO. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Rosie on Jan 1st, 2024 at 10:48am Gnads wrote on Jan 1st, 2024 at 10:04am:
Thanks Gnads. I don't have super as I had my own little business and retired many years ago. I keep my details updated online and haven't had any questions from them for a very long time. Hope it stays that way. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 11:36am Rosie wrote on Jan 1st, 2024 at 9:18am:
Centrelink does not have access to your bank account, apart from being able to deposit payments into it. They can't check balances or transactions. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 11:40am Gnads wrote on Jan 1st, 2024 at 9:20am:
You're not reading the sentence properly/in context. Money in bank accounts is most certainly deemed to be an asset, however, those funds are declared in a different question on the form. My words added in red, as a way of clarification: "This does not include money in your bank accounts [because that is declared elsewhere on the form] or cash held to meet day-to-day expenses and to pay outstanding bills." |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Jan 1st, 2024 at 12:20pm greggerypeccary wrote on Jan 1st, 2024 at 11:40am:
Now tell us about your claim re "day-to-day expenses" You know as distinct from week to week, month to month, To 3-years and a day etc. ::) BTW - Acts Interpretation Act doesn't define day to day, so it has its normal English usage. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Jan 1st, 2024 at 12:48pm lee wrote on Jan 1st, 2024 at 12:20pm:
An act's regulations usually delegate the interpretation of terms such as 'day to day' to the respective administrative agency. So it is irrelevant what individuals may choose to interpret the term to mean, (usually to suit their own, personal circumstances), it only matters, in the first instance, what the agency has determined it to mean. On 'day-to-day' cash on hand, in the vernacular few of us would consider keeping $50K in cash as apropos to paying day-to-day expenses. |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Jan 1st, 2024 at 1:00pm greggerypeccary wrote on Jan 1st, 2024 at 11:40am:
one of the most important business concepts is when you are digging yourself into a hole, you need to know when to stop digging. you should have stopped digging 20 posts ago |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Jan 1st, 2024 at 1:03pm MeisterEckhart wrote on Jan 1st, 2024 at 12:48pm:
services australia says you must report more then 2000 dollars held. gweggy is a bush lawyer and not a very good one the idea that you can scam the asset test by hoarding cash and the government would be ok with that is laughable |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 1:21pm lee wrote on Jan 1st, 2024 at 12:20pm:
Day to day can be for any period of time. A week, month, year, decade. I suggest you buy a dictionary and maybe take some English lessons. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 1:22pm MeisterEckhart wrote on Jan 1st, 2024 at 12:48pm:
Still looking fro that case law? Let us all know when you find it ;) |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Jan 1st, 2024 at 1:40pm greggerypeccary wrote on Jan 1st, 2024 at 1:21pm:
greggerypeccary wrote on Jan 1st, 2024 at 1:21pm:
Now all YOU have to do is PROVE your assertion. ;) |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 1:43pm
Greggy gives bad bush lawyer advice -
don't listen to him. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Jan 1st, 2024 at 1:44pm greggerypeccary wrote on Jan 1st, 2024 at 1:22pm:
Let us know when you receive Services Australia's interpretation of 'day-to-day' concerning cash on hand - it's on the recipient to clarify with the agency to ensure compliance with the regulations and the agency's interpretation of them. But you might lose the stash you're pilfering from. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 1:45pm Bobby. wrote on Jan 1st, 2024 at 1:43pm:
Lee thinks 'day to day' means two days ;D He started my year off with a good laugh. |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Jan 1st, 2024 at 1:46pm
"Day-to-day things or activities exist or happen every day as part of ordinary life."
https://www.collinsdictionary.com/dictionary/english/day-to-day So does he spend $200k each and every day? |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 1:54pm lee wrote on Jan 1st, 2024 at 1:46pm:
Lol ;D Lee only has day to day expenses for one day in his life ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by lee on Jan 1st, 2024 at 2:18pm
Poor gweggy.
lee wrote on Jan 1st, 2024 at 1:46pm:
;D ;D ;D ;D ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Jan 1st, 2024 at 2:22pm lee wrote on Jan 1st, 2024 at 2:18pm:
you are doing the world a great service lee a day of gweggy posting lies about centrelink is one less day of gweg fantasising about rape and trumps penis |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 2:28pm When Lee starts drawing the pension, he'll only have day to day expenses on the first two days of retirement. Lucky bugger! ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 2:51pm greggerypeccary wrote on Jan 1st, 2024 at 1:45pm:
Greggy, apologise for giving out legal advice on Ozpolitic when you have no qualifications in the law. Some gullible people could end up in jail from your advice. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 3:07pm Bobby. wrote on Jan 1st, 2024 at 2:51pm:
Day to day expenses for only two days of his life ;D https://youtu.be/-5i1cJIwE7M |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 3:11pm Greggy, apologise for giving out legal advice on Ozpolitic when you have no qualifications in the law. Some gullible people could end up in jail from your advice. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 3:15pm Bobby. wrote on Jan 1st, 2024 at 3:11pm:
Just two days ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 3:18pm apologise |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 3:26pm
https://youtu.be/lJhHjACjJjA
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Jan 1st, 2024 at 3:27pm Bobby. wrote on Jan 1st, 2024 at 3:18pm:
I just had to apologise to my elderly aunt (who is sitting right next to me) when I burst out laughing and gave her a fright after reading the last couple of pages of this thread. ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 3:35pm Carl D wrote on Jan 1st, 2024 at 3:27pm:
LOL - Greggy's advice is worth as much as you pay him for it - zero. ;D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Carl D on Jan 1st, 2024 at 3:36pm aquascoot wrote on Jan 1st, 2024 at 2:22pm:
I find it slightly disturbing that you keep bringing that up quite often these days because I haven't seen Greg do anything of the sort. Perhaps you should go back to the Coronavirus section? You're always as much out of your depth there as you are in every other section of OzPolitic of course but at least you're more "fun" there. I've also got a few new things to say about your hero Lex Luthor in Queensland and the condition of Queensland's hospitals and "health" system mainly due to Covid being out of control just like it is everywhere else in Australia at the moment and I'd be interested in your "thoughts" on these matters. :) |
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Title: Re: Lotto Winner Loses Access To Pension Post by UnSubRocky on Jan 1st, 2024 at 3:39pm Gnads wrote on Jan 1st, 2024 at 9:42am:
$125 a week covers the insurance. What it won't cover is the restumping of the house so that I could close or open the door without having to thump the door open or closed. |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Jan 1st, 2024 at 3:46pm Carl D wrote on Jan 1st, 2024 at 3:36pm:
Horseboy is obsessed with Greg |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Jan 1st, 2024 at 3:48pm UnSubRocky wrote on Jan 1st, 2024 at 3:39pm:
You realise most people renting pay full rent, and pay their own contents insurance. :D :D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Jan 1st, 2024 at 4:03pm aquascoot wrote on Jan 1st, 2024 at 1:03pm:
$2000 is FA As I stated I paid $2650 for ceramic coating ... 1 item. I have much more than that in my everyday savings account... that is a working account. Having to buy beds or whitegoods would gobble up @ grand in the blink of an eye. Get a plumber, electrician out for small jobs like putting in a new hot water system or some gutter repairs. Goooooooorn. |
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Title: Re: Lotto Winner Loses Access To Pension Post by Gnads on Jan 1st, 2024 at 4:05pm UnSubRocky wrote on Jan 1st, 2024 at 3:39pm:
Just be honest .... you're paying phukk all. |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 4:11pm Gnads wrote on Jan 1st, 2024 at 4:03pm:
Indeed. Especially when the average pensioner is expected to live for 16 years after they retire. With $2,000 cash, that works out to $2.40 per week for "shopping and day to day expenses". Champagne & caviar every day! |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 4:14pm Greggy, we're all still waiting for your apology? |
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Title: Re: Lotto Winner Loses Access To Pension Post by greggerypeccary on Jan 1st, 2024 at 4:16pm Bobby. wrote on Jan 1st, 2024 at 4:14pm:
I'm sorry they're too spicy for you ... apparently. https://youtu.be/1rR-wqxRjIg |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 1st, 2024 at 4:24pm Greggy, apologise for giving out legal advice on Ozpolitic when you have no qualifications in the law. Some gullible people could end up in jail from your advice. |
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Title: Re: Lotto Winner Loses Access To Pension Post by MeisterEckhart on Jan 1st, 2024 at 9:03pm
How many declining old women with little to their name have $50K in cash at home?
The most likely ones are those who have family members pilfering the cash. |
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Title: Re: Lotto Winner Loses Access To Pension Post by UnSubRocky on Jan 2nd, 2024 at 12:47am John Smith wrote on Jan 1st, 2024 at 3:48pm:
So? If you had the opportunity to pay a low rent, would you take it? |
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Title: Re: Lotto Winner Loses Access To Pension Post by UnSubRocky on Jan 2nd, 2024 at 12:48am Gnads wrote on Jan 1st, 2024 at 4:05pm:
From what I see being paid by other renters, I do pay bugger all. |
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Title: Re: Lotto Winner Loses Access To Pension Post by John Smith on Jan 2nd, 2024 at 6:27am UnSubRocky wrote on Jan 2nd, 2024 at 12:47am:
Of course. But I wouldn't be quoting my discounted rent as normal in any discussions about costs of living. :D |
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Title: Re: Lotto Winner Loses Access To Pension Post by Frank on Jan 2nd, 2024 at 7:50am
Lotteries are a tax on stupidity.
Dr Johnson |
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Title: Re: Lotto Winner Loses Access To Pension Post by Bobby. on Jan 2nd, 2024 at 7:54am Frank wrote on Jan 2nd, 2024 at 7:50am:
Yeah - win the taxed lottery and lose your pension. ;D |
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Title: FAKE NEWS re Lotto Winner Post by Lisa Jones on Jan 2nd, 2024 at 4:22pm
I'm surprised no one else has yet realised this.
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Jan 2nd, 2024 at 5:58pm Gnads wrote on Jan 1st, 2024 at 4:03pm:
you misunderstand when you apply for centrelink you have to tell them what you have in the bank or in shares. fair enough that establsihes your payment but there is also a requirement that if you have more then 2000 dollars that they are not aware of, you have to make them aware so you cannot keep over 2000 in cash without telling them but you can still have money in the bank up to ma certain ammount before it affects your payment from the services australia website Financial investments Tell us about any financial investments you and your partner own, or partially own, in and outside Australia. Financial investments include any of these: bank, building society and credit union accounts cash on hand deeming accounts term deposit accounts uncleared cheques managed investments, including margin loans shares and securities. https://www.servicesaustralia.gov.au/asset-types?context=51411 |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Jan 2nd, 2024 at 5:59pm
If the value of your assets changes
You need to tell us if your overall asset values increase above what is already recorded. We need to know if the value has increased by the following amounts: $2,000 or more for financial assets |
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Title: Re: Lotto Winner Loses Access To Pension Post by aquascoot on Jan 2nd, 2024 at 6:01pm
in other words
you can keep as much cash as you like under the mattress, but services australia want to know about any ammount over $2000 which they do not already have recorded. peccas lie that you can keep as much as you like and say it is for day to day expenses is a lie and you shouldnt listen to lying liars |
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Title: Re: FAKE NEWS re Lotto Winner Post by greggerypeccary on Jan 2nd, 2024 at 6:13pm Lisa Jones wrote on Jan 2nd, 2024 at 4:22pm:
As soon as I saw A Current Affair was involved, I knew it was bullshit. |
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Title: Re: FAKE NEWS re Lotto Winner Post by UnSubRocky on Jan 2nd, 2024 at 11:00pm Lisa Jones wrote on Jan 2nd, 2024 at 4:22pm:
One of those "The Swamp" cartoons had some grandfather talking about his lottery numbers being due to come up. His grandson asked him what he would do with the money, if he won. His response was "Break even". |
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Title: Re: Lotto Winner Loses Access To Pension Post by UnSubRocky on Jan 2nd, 2024 at 11:10pm John Smith wrote on Jan 2nd, 2024 at 6:27am:
Given that these forums are anonymous and I can say whatever I want without other people checking up on me. I could say that I own a restaurant, and pay a mortgage of $750 a week on some $500,000 home in town here. Saying that I pay $125/week on some house that is practically tipping over, that is not even something I would consider a great deal. But, then again, if I was earning $80,000 a year and have been working fulltime since I was 24 years old, this house would be in a lot better shape by comparison. The only consideration in cost of living is me comparing my earnings to that of a pensioner and considering how much I would lose out if I won $100,000 in the lottery. I would have to rely on my earnings solely to get me through the payout of my lottery -- not that I would be worse off for the matter. But, I reckon being more than 6 months pass a non-payment from Centrelink, when they do put me back on a payment, I would be able to earn a fair amount of money before I was means tested to lose a portion of what I could get. |
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