Has anyone ever thought of overpaying a sum to the ATO (using a credit card) and then claiming it back as a refund in the tax return as a quick way of earning points?
Any thoughts on this or is it a crazy strategy?
I had to pay several hundred thousand dollars in company tax which ended up getting refunded and now I'm into the points game I'm kicking myself that I didn't drip feed the payments through credit cards!
Now I'm wondering if the strategy could be deployed to maximise points.
I've done something similar on a smaller scale by not claiming health rebates at the point of delivery e.g. dentists and then claiming the refund myself meaning more points... every bit helps!