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Changes to Baby Bonus
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From 1 September 2012, the amount paid for customers who claim and are eligible for Baby Bonus will be $5,000. The amount of Baby Bonus you can receive will remain at $5,000 until 30 June 2015.
Question: Who will be affected by this measure?
Answer: Customers with a newborn or recently adopted child who are eligible for Baby Bonus from 1 September 2012.
Question: When will the changes be implemented?
Answer: You can continue to receive the current rate of Baby Bonus ($5,437) until 31 August 2012. The new rate of Baby Bonus will change to $5,000 from 1 September 2012.
Question: How will the new Baby Bonus amount be paid?
Answer: The new rate of Baby Bonus will still be paid in 13 fortnightly instalments. From 1 September 2012, the first fortnightly instalment will be $846 and the subsequent 12 instalments will be $346.
Question: Do I need to do anything?
Answer: No. Changes to the Baby Bonus will not affect your current eligibility, how you apply for the Baby Bonus or your reporting obligations.
http://www.humanservices.gov.au/customer/information/changes-to-baby-bonus |
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