To work out the amount of premiums each person paid on their tax statement, each payment is split in half based on who was covered on the policy at the time the premium was received.
Sarah and Matt pay their membership contribution of $100 each fortnight for 12 months. At the end of the year they have paid a combined amount of $2600. They will each receive a tax statement showing an amount of $1300.
Natalie and Luke were on a membership together from 1 July to 31 December 2016. On 1 January 2017 Natalie removed Luke and added new partner Nathan onto her membership. The contributions were $250 per month. In total, the membership had paid $3000 in contributions.
The Tax statement will split the contributions 50/50 based on the amount of money that was received whilst each partner was on the membership.
Natalie will receive one with $1500, Luke with $750 and Nathan with $750.