• Home
  • About
    • Privacy Policy
    • Write for Australian Women Online
  • Advertise With Us
  • Horoscopes
  • Style
  • Shoe Boutique
  • eFashion
  • Weight Watchers Australia

Australian Women Online

Business, career, health and lifestyle content for women

  • Home
  • BLOG
  • BOOKS
  • BUSINESS
  • CAREER
  • COOKING
  • HEALTH
  • LIFESTYLE
    • Automotive
    • Beauty
    • Fashion
    • Pets
    • Relationships
    • Your Home
    • Your Money
  • TECHNOLOGY
  • TRAVEL
    • Discount Holidays
You are here: Home / Uncategorized / Increase in Baby Bonus and Family Tax Benefit from July 1

Increase in Baby Bonus and Family Tax Benefit from July 1

25 June 2010 by Deborah Robinson

Share this:

  • Tweet
  • Click to email a link to a friend (Opens in new window) Email
  • More
  • Share on Tumblr
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to print (Opens in new window) Print
  • Click to share on WhatsApp (Opens in new window) WhatsApp

From 1 July 2010, the Baby Bonus, paid in 13 fortnightly instalments, will increase by more than $100 to $5,294 through indexation, benefiting around 270,000 parents of newborn babies. More than two million Australian families receiving Family Tax Benefit (FTB) will also benefit from increases to payment rates, thresholds and limits.

With the indexation increases, the maximum yearly rate for Family Tax Part A, payment for a child under 12 rises by $87 to just over $4,179. For parents of a child aged between 13 and 15, the maximum yearly payment goes up by $113 bringing the yearly rate to just over $5,434.

For families receiving Family Tax Benefit Part B, the maximum rate where their youngest child is under five rises by $73 to $3,555 and by $51 to just over $2,478 when the youngest child is aged between five and 18.

These increases are in line with the 2.1 per cent increase in the Consumer Price Index (CPI) to December 2009.

As well as increasing the Baby Bonus and family payments, more than one million Australians on part-rate pensions will benefit from increases in the income test and assets test free areas.

These include people receiving the Age Pension, Wife Pension, Widow B Pension, Carer Payment, Disability Support Pension and Parenting Payment Single.

Certain pension thresholds and income and assets test free areas and cut offs are adjusted in line with the CPI figures.

This means a part pensioner will be able to earn more income or own more assets before their pension is reduced.

The pension assets test free area for a single homeowner will increase by $3,750 to $181,750, and for a homeowner couple combined, by $5,500 to $258,000. Assets, other than the family home, are included in the assets test.

For more information about the changes to payment rates and thresholds visit the Centrelink website: www.centrelink.gov.au

SOURCE: Ministry of Families, Housing, Community Services and Indigenous Affairs

You May Also Like:

Filed Under: Uncategorized, Your Money

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

New Content

  • Streaming Power: How Online Platforms Are Driving Women’s Sports Viewership
  • Why Australian Women Are Rewriting the Rulebook on Everyday Skincare
  • A Season of Power: Women’s Sport Steps Into the Spotlight
  • How Concierge Medicine Empowers Busy Women to Take Control of Their Health
  • Pet Food Australia: The Ultimate Guide to Premium Pet Food for a Healthier, Happier Pet
  • Your Fertility Journey Begins Here: Trusted Care, Expert Guidance
  • New vs. Used Cars: Know the Pros and Cons of Each
  • Beating the Odds in Aviator: Myth or Math?
  • 5 Types of Purlins: What Are Their Pros and Cons
  • Incident & Risk Dashboards: Avoiding Six‑Figure Fines Under New NDIS Rules

Popular Content

  • Moore Weekly Stars
  • Write for Australian Women Online
  • In Profile: Jacinta McDonell philanthropist and Co-Founder of Anytime Fitness Australia
  • Why Australian Women Are Rewriting the Rulebook on Everyday Skincare
  • SABA Ashley Midi Skirt
  • 5 Types of Purlins: What Are Their Pros and Cons
  • Cookbook: CWA Classics by the Country Women’s Associations of Australia
  • CHARLES & KEITH Tassel Detail Sling Bag
  • Metal Biz: Scrap Metal Recyclers & Cash For Cars Brisbane
  • About

Australian Women Online © Copyright 2007 - 2025 Deborah Robinson ABN 38 119 171 979 · All Rights Reserved