2012 Australian Baby Bonus News Site.
Are you better receiving the Australian Baby Bonus or do you get a better financial result with the Paid Parental Scheme. It can be complicated, see below for details.
How is the Baby Bonus paid?
The baby bonus will be cut from $5400 to $5000 from September 2012, and frozen at that level for a further three years, until then the
Baby Bonus is paid per eligible child in 13 fortnightly instalments. From 1 July 2011, customers eligible to receive Baby Bonus will get a higher first instalment of $879.77 and 12 fortnightly instalments of approximately $379.77. The higher first instalment of Baby Bonus will assist with the upfront costs of having a new child.
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Baby Bonus to be Cut
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30-11-2011, 04:42 PM
Baby Bonus to be Cut
The baby bonus will be cut from $5400 to $5000 from September 2012, and frozen at that level for a further three years, saving about $320 million.
Treasurer Wayne Swan said he was a very strong supporter of the family payments system, but the baby bonus had to be cut to make it sustainable over time.
More details to follow.
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