Government finds hand-out scheme included the deceased

Posted: Jun 01, 2009 | Comments: 0 | Views: 22 | Bookmark and Share

It has come to light that the Australian government's cash-handout scheme designed to help kick-start the economy has passed the aid to thousands of people that had earlier died.

The stimulation package was set up as part of a multi-billion dollar scheme that entitled all Australian tax payers to a bonus on-off payment of up to $900.

It has been found that around $17 million went to dead people, as well as $25 million given to Australians no longer living in the country.

Local media sources have named the deceased involved as “the grateful dead”.

Finance Minister Lindsay Tanner has said this money will still help to improve the Australian economy, as it will still end up being used to pay for goods and services within the country.

"Even where they go to people who are dead, of course they go to the estate. The estate typically is going to consist of ordinary Australians who will in turn get the payments, and on balance over time, will spend those payments," he said.

He added that a "tiny proportion" of the the cash handed to Aussie's living overseas may be spend elsewhere, which would obviosly have no benefit the Australian economy.

But other ministers pointed out that over 99% of the money went to the right people.

Opposition members were not appeased.

ABC news quoted Liberal Senator Simon Birmingham saying: "If anybody saw any of the dead out there spending up big at Harvey Norman or Coles or Woolworths, please let me know,".

(ArticlesBase SC #948192)

Rate this Article
  • 1
  • 2
  • 3
  • 4
  • 5
  • 0 vote(s)
    Feedback
    RSS
    Print
    Email
    Re-Publish

    Source:  http://www.articlesbase.com/finance-articles/government-finds-handout-scheme-included-the-deceased-948192.html

    Article Tags:

    credit cards

    ,

    bank accounts

    ,

    savings accounts

    New User Registration in Windows

    Windows user accounts allow Mom and Dad to set access privileges for the kids while also protecting their own personal and private information. User accounts also allow each registered user to set his or her own Windows preferences including everything from color scheme to default browser, music and picture folders and desktop background. (01:41)

    Tax Tips for Business Owners

    My Business Account is an online service offered by the Canada Revenue Agency to make accessing tax information faster and easier. (02:34)

    How to Change a Tax Return Filing Status from Year to Year

    Learn how to change a tax return filing status from year to year in this video that will help you prepare for tax returns. (00:50)

    Learn about the Head of Household on a Tax Return

    Learn about the head of household on a tax return in this video that will help you prepare for tax returns. (01:06)

    Learn about Married Filing Separately on a Tax Return

    Learn about married filing separately on a tax return in this video that will help you prepare for tax returns. (01:48)

    saichon sannok

    Although there are many types of credit cards for consumers out there, there is little for people with bad credit.

    By: saichon sannok l Finance l Dec 19, 2009 l Views: 2
    Mark Aucamp

    The current growth of UK debt is £1million every 8 minutes and we all contribute a Stonking £263 million in interest a day. There is currently 27.4million credit cards transactions made a day with a total value of £1.56billion. The total credit card debt in the UK for September 2008...

    By: Mark Aucamp l Finance l Nov 20, 2008 l Views: 150

    Finding banks who offer secured credit cards isn't always a walk in the park. Not all banks offer them and some of the ones that do don't seem to advertise it. How do you go about finding these cards? Here are some helpful tips.

    By: Sean Masterson l Finance l Aug 07, 2008 l Views: 103

    People are opening online savings accounts because online banking is more convenient and cost effective. People have learned about online banking opportunities from the people that handle the financing of their credit cards. Opening online savings accounts is easy because all personal information is already in the databases. People just...

    By: James Brown l Finance l Jul 01, 2008 l Views: 30

    When you are considering opening a new bank account, you want to make sure you understand all of your options. Besides the major decision of choosing the right bank, another important consideration is deciding upon the right mix of checking and savings accounts to apply for. In the old days, the...

    By: Susan Willis l Finance l Jan 05, 2010 l Views: 22

    It is crucial that people take steps to prevent their financial information from being compromised by identity thieves, it has been reported.

    By: Sam Gooch l Finance > Personal Finance l Nov 11, 2009 l Views: 37

    What exactly are bank secured credit cards?

    By: Matthew Meyer l Finance l Nov 02, 2006 l Views: 1,202

    The process for applying for a merchant account varies depending on the company. For example, some providers ask you to provide a photo of your driver’s license, and even of your home office or studio to verify you are in the location you say that you are.

    By: Smith & Chen l Finance l Sep 21, 2007 l Views: 23

    In planning for retirement, we want to plan on having funds come from the three-legged stool: pension (or other employer-sponsored retirement plan), Social Security, and our own savings. We normally start taking our pensions upon retirement. Our personal savings is available whenever we may need to draw upon it. So, the big question is when should I start drawing my Social Security benefits?

    By: Ozeme J Bonnette l Finance l Feb 09, 2010

    There is no need to struggle with debt as debt solutions are available whether in the shape of a remortgage or a secured loan or even debt management.

    By: Liz Moir l Finance l Feb 09, 2010
    Vincent Polisi

    Credit repair isn't that difficult, but unfortunately many people fall into traps that prevent their success. This article looks at some of the key pitfalls and how you can avoid them.

    By: Vincent Polisi l Finance l Feb 09, 2010 l Views: 1

    Todd just released a new Special Situation Video for his Private Client Group and is just giving it to you. His private clients pay $997 a month for this information and each video has the potential to pull Hundreds of Pips in Easy Profits.

    By: Rob Trader l Finance l Feb 09, 2010 l Views: 3

    This article is about different ways that you can help your children with their finances.

    By: Ander Lilla l Finance l Feb 09, 2010 l Views: 1

    Time is of the essence. Tom Strignano who is an ex-bank chief trader has just released a killer system he developed while trading for international banks. It calls Fibonacci Strike. Watch the entire video here

    By: Rob Trader l Finance l Feb 09, 2010 l Views: 3

    For how do you know if you qualify? What kind of outcome should you expect? What required paperwork needs to be prepared? To answer a few of these questions, here is a simple outline of what Chapter 7 Bankruptcy is about and why more people file for it than any other type.

    By: Reda Abouleish l Finance l Feb 09, 2010
    Wiley Long

    Health Savings Accounts allow participants to invest their savings into high interest-yielding investments, similar to the way they might invest into an IRA. Participants should be aware of their investment options in order to maximize the growth potential of their Health Savings Accounts.

    By: Wiley Long l Finance l Feb 09, 2010 l Views: 2

    Firms should prepare themselves for a "modest" economic recovery, one business expert claims, as the United Kingdom shows the first signs that the economy escaped recession following a 0.1% growth in the last quarter of 2009.

    By: Sam Gooch l Finance > Accounting l Feb 02, 2010 l Views: 20

    A drop in business confidence was seen last month, new research indicates.

    By: Sam Gooch l Business > Sales l Feb 02, 2010 l Views: 3

    Despite some signs of economic recovery, many firms will find the coming months to be financially challenging, it has been suggested.

    By: Sam Gooch l Business > Management l Feb 02, 2010 l Views: 12

    The need for firms to have access to an "innovative" financial services sector has been highlighted.

    By: Sam Gooch l Business > Business Ideas l Feb 02, 2010 l Views: 7

    A government-backed business loan scheme is to be extended, it has been revealed.

    By: Sam Gooch l Business > Business Opportunities l Feb 02, 2010 l Views: 7

    People throughout Tasmania are developing debt difficulties in the wake of excessive Christmas spending, it has been claimed.

    By: Sam Gooch l Finance > Personal Finance l Feb 02, 2010 l Views: 2

    Sorting out debt can be made easier with a 0% balance transfer, according to Money-AU.

    By: Sam Gooch l Finance > Credit l Feb 02, 2010 l Views: 11

    Ex-chairman of Lloyds TSB - Sir Brian Pitman will be helping Richard Branson to take a step further in its assault on the UK’s established high street banks after it was announced that he will be taking on the chairman role for Virgin Money, the financial arm of Richard Branson’s empire.

    By: Sam Gooch l Finance > Banking l Feb 02, 2010 l Views: 14

    Add new Comment

     
    * Required fields
    Author Box
    Articles Categories
    All Categories
    0