Centrelink Fees & Rent Payments
This information applies to Rent Receipts where a Centrelink processing fee of $1.01 has been deducted.
Verbal advice from a REBAS board representative is that the tenant receipt must be processed for the exact amount received (ie: less the $1.01).
Suggestions by GeeDee support on how to handle this in the GeeDee system are as follows:
|•||We recommend that the fortnightly rent on the tenant's card be reduced by the $1.01.|
|•||If an Lessor agrees in writing to cover the $1.01 fee, then you should increase sundries by .19c per month. (This represents 8.5% of $1.01 times 26 divided by 12).|
|•||If the Agent is to cover the fee, then you should either reduce the monthly sundries by $2.00 or create a negative Lessor charge each month for $2.00. (The $2.00 represents the $1.01 less 8.5% (.09c) = .92c times 26 divided by 12).|
Note: The above calculations are based on an 8.5% commission rate Amend the rate as required
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