Kevin Rudd's bonus may be in jeopardy

The High Court has agreed to hear a challenge to the legality of the Federal Governments $900 bonus to 8.7 million taxpayers thereby putting it in jeopardy.

Law lecturer and former National Party Office holder Bryan Pape has brought the case, which has been set for March 30 and 31st in the High Court.

The Government was due to start paying the bonus in April as part of its $42 billion economic stimulus package.

The Australian Taxation Office advised the High Court that in case it has to stop printing cheques, it needs to be informed by the close of business on April 2nd.

Fairfax has reported that Mr. Pape, who has worked as a barrister for 20 years will argue the case himself.

He stated that he was bringing the case as a "concerned citizen" or "concerned lawyer" and that he was not motivated by the debate over the need for a large fiscal stimulus to address the global financial crisis.

Published on March 3-st, 2009 in Financial Planning
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.