Here's the official Education Tax Refund statement:
The Government will introduce a new 50 per cent Education Tax Refund from 1 July 2008. Parents entitled to Family Tax Benefit Part A, or whose school children receive Youth Allowance or similar payment, will be able to claim:
* a 50 per cent tax refund of up to $750 in educational expenses for each child undertaking primary school studies (that is, a refund of up to $375 per child, per year)
* a 50 per cent tax refund of up to $1,500 in education expenses for each student undertaking secondary school studies (that is, a refund of up to $750 per child, per year).
So if you are a secondary student that $1500 laptop you're thinking of buying will only cost you $750 after the rebate. And it has to be claimed when your parents lodge a tax return next year.
Think of it, a MacBook for $750! YES!!!
15/05/2008
Okami
I don't want to wait in vain for your love...