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21 minutes ago, Will27 said:

Sure the ATO know how much interest you've earned, but there's no way Centrelink and the ATO would just have

your bank account details on their computers at a push of a button.

 

They can request information from your bank if they provide certain documentation. 

 

It's a bit of a fallacy I think where people think any government department can just push a button

and everything just appears.

 

Banks do have privacy regulations as do the ATO and most other departments.

All true.  They need to have a legal reason under the Privacy Act to make the request.  Presumably giving one lot of financial information to the ATO and something different to Centrelink would trigger a review.  If the review determines an offence is reasonably suspected, they may have cause to request other records such as your bank accounts. 

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1 hour ago, BB1958 said:

That's basically what has been said in the above 2 posts.

 

They can request information, but there has to be an anomaly or a genuine reason under the Act to submit a request.

 

 

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14 hours ago, norbra said:

For portability your  2 years starts from the date of your succesfull pension application

 

 

14 hours ago, RJRS1301 said:

Does the date of your application come into it?  I thought you could do something like a year before and a year after or whatever.  

 

This a good one, linked to from RJRS1301's link:  https://guides.dss.gov.au/guide-social-security-law/7/1/4  Seems to be written for Centrelink officers more than the public, and if that is as much detail as they are given it is no wonder we get so many varied reports of "what CL said".   

 

 

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8 hours ago, Will27 said:

Yep, different government departments do share information, but I'm pretty sure both Centrelink and the ATO

don't have access to your bank accounts.

 

Sure the ATO know how much interest you've earned, but there's no way Centrelink and the ATO would just have

your bank account details on their computers at a push of a button.

 

They can request information from your bank if they provide certain documentation. 

 

It's a bit of a fallacy I think where people think any government department can just push a button

and everything just appears.

 

Banks do have privacy regulations as do the ATO and most other departments.

ATO is notified of interest paid on balances of accounts, this information can be cross matched by Centrelink. Centrelink via ATO have access under legislation to financial assets of beneficiaries. Not by push of button, but via ATO cross matching.

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3 hours ago, RJRS1301 said:

ATO is notified of interest paid on balances of accounts, this information can be cross matched by Centrelink. Centrelink via ATO have access under legislation to financial assets of beneficiaries. Not by push of button, but via ATO cross matching.

There's pretty much 2 issues here.

 

Interest earned and declared.

Most people know about data-matching across departments.

You're pretty much just quoting from that article.

 

I'm saying (again) that the ATO and Centrelink do not have access to your accounts at the push

OR by cross matching. The ATO only know how much interest you declare and then it's data matched

from the banks.

 

I'm not sure if you're trying to scaremonger people here.

Account details (not just interest) need to be requested under sections of the Act.

 

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for those subjectively interested...

 

the new Rates, including CutOff figures etc  

 

...mind you though; is the whole Kit and Caboodle 7 pages .pdf

includes ALL pensions!

 

W.E.F. from 20sep19: 

indexation-rates-september-2019.pdf

indexation-rates-september-2019.pdf

 

 

 

 

 

 

Edited by tifino
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Yes, bank statements going back at least 3 months generally. Remembering that all banks, ATO and Centrelink  share information . They also require updates of income and assets.
 

Thanks RJ. Re cash at bank...You say that Centrelink look back at “3 months” of bank statements prior to granting the aged pension. Is there a link around to confirm that they only look back 3 months? (I’m only talking about cash at bank....not other assets, income nor investments)

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9 minutes ago, Nemises said:


Thanks RJ. Re cash at bank...You say that Centrelink look back at “3 months” of bank statements prior to granting the aged pension. Is there a link around to confirm that they only look back 3 months? (I’m only talking about cash at bank....not other assets, income nor investments)

if you only reveal the cash, and not all assets above and beyond the home itself... the will come a knocking! 

 

it is not about 'time' looking back...   the only time comes into it; is what they call the 'Exclusion Period'

This is related to your 'Income...including all Deemed Income.

An example of is if you receive a Lump Sum, a big Compensation Lump etc... 

 

when I was granted Pension; it was for 13 months, held over  for 13 months before I got my first Penny 

 

 

one thing the do 'look back' in time for;

is if you have Donated sums, say of over $10,000... or given away property i.e. the house, to the kids. 

 

 so... this all gives some detail to add  to what @RJRS1301  has mentioned  about Bank Accounts - unexplained funds disappearing? 

Edited by tifino

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I’m not asking about hiding/donating cash/disappearing funds. I’m just asking if there’s a link to confirm how far Centrelink look back at one’s bank account before granting the aged pension.

3 months was mentioned. I think they look back further. Hopefully there’s a link.

 

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11 minutes ago, Nemises said:

I’m not asking about hiding/donating cash/disappearing funds. I’m just asking if there’s a link to confirm how far Centrelink look back at one’s bank account before granting the aged pension.

3 months was mentioned. I think they look back further. Hopefully there’s a link.

 

https://www.humanservices.gov.au/individuals/services/centrelink/age-pension/how-claim/supporting-documents#a2

 

I mentioned 3/12 as that was what was required when I was assisting people in a professional capacity to access benefits, of course CL require information on all bank accounts and as stated by @ tifino, they can go back further to look for disposing of cash to meet qualifications.

This includes gifts to family members.

 

 

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^ For example... an eligible aged person returns to Australia to live permanently. He does his “2 years home detention” and then applies for the aged pension. He has no assets, no super, no income. All he has is cash in his bank account. The question is: How far back will Centrelink scrutinise his bank account to make sure old mate hasn’t withdrawn a fortune of cash leading up to him making his application? 3 months? 3 years? Longer?? (Looking for a link, not guesses... thanks )

 

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