Hi There,
Was the paid parental leave paid through your wifes employer?
From what i was told, wife lodges form to work, work then lodges that to centrelink. Centrelink pays work the benefit, then work will pay the benefit to wife each fortnight. I went baby bonus because it isnt taxable and none of this mucking around and waiting for the benefit to be paid. Anyhow wifes employer will take out tax, and it is all classified as the one income on the one certificate. (this is my understanding on how it works)
However there are some cases where centrelink will pay you direct for PPL s
Family tax benefit A and B will be reconciled with centrelink once your final taxable income is known. This is done automatically, so once you lodge your tax return, your information is sent from ATO over to centrelink. You will need both your wifes and your tax done in order to have centrelink to do the final reconcillation for the year. So yes you can receive FTB A and FTB B during the year, or you can choose to have FTB A paid at end of year.. but it depends on what your income estimates where. It is always better to overestimate then underestimate with centrelink!