Here's what has come through so far at work. More detail will be available on the Centrelink website once the Budget is passed and the below proposals become law. However it's worth nothing that the SchoolKids Bonus has already passed the Parliament so that's definitely coming.
Increase to FTB A
- families will receive an increase of up to $600 a year in their Family Tax Benefit Part A payments from 1 July 2013
- Families receiving the maximum rate or part of the maximum rate of FTB Part A with two or more children will receive an extra $600 a year, or an extra $300 a year if they have one child.
- Families receiving the base rate of FTB Part A with two or more children will receive an extra $200 a year, or an extra $100 a year if they have one child.
Supplementary Allowance
- People that receive Parenting Payment, Youth Allowance and Newstart Allowance
- The payments of a total of $210 a year for singles or $350 a year for families will be indexed by the Consumer Price Index and will be tax-free.
- It will be paid in twice-yearly instalments in March and September.
SchoolKids Bonus
- Only for people eligible to receive FTB A
- Parents will receive $410 for each child in primary school and $820 for each child in high school as part of the new Schoolkids Bonus.
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