Yes I have had a look at it the tax free component is $59k with taxable component $111k (under the $140k) so tax free.
I tend to think centrelink will add the full amount of it to my annual income but if I claim on July 1 09 will I be liable to repay money for 08/09 year? Eldest uni student starts work in January as has completed studies and centrelink have cut them off end Nov08.