The May Budget... Dissection

According to the daily tele - Parental leave is assured, but FTB A & B are to be "curtailed".

What do you suppose they mean by this and what effects could this have on your household?

We are hoping that business picks up with our YP ad, but we do tend to rely quite heavily on our FTB for rent and food. The essentials. Obviously with 2 things happened at once, its hard to say what affect any potential changes to the ftb will have, but I would hate to lose that security blanket in a time where trying to build a business is already difficult. We couldnt do it any sooner because of DHs CTS, but now he has had the op, the GFC makes everything iffy still. *sigh*

Anything else that may be popped out in the budget that might force a financial rethink?

I would imagine what they mean is that you will get either one or the other but not both....so if you are not already in the workforce you would not be eligible for paid parental leave but could still claim FTB......I would think that that would be the most logical way to do it.......I cannot see them just scrappin FTB completely......

it could also mean that any paid parental leave counts towards the means test for FTB and you may not be eligible for FTB for the amount of time you receive Paid parental Leave.....thats my take it on it anyhows.....