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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Temporary Residents & the bonus
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Temporary Residents & the bonus
We do not have health insurance, and we are not covered under medicare. So the bonus would really help us out. The only problem is that I'm not sure if we qualify with the visa we are on. Can anyone help? We are on the 457 Temporary Visa.
Cheers!
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To have legal residence status for the purposes of Family Assistance payments you must be:
an Australian citizen; or
the holder of a permanent visa; or
a New Zealand citizen who arrived on a New Zealand passport; or
the holder of one of the following visas:
subclass 070 Bridging (Removal Pending)
subclass 309 Spouse (Provisional)
subclass 310 Interdependency (Provisional)
subclass 447 Secondary Movement Offshore Entry
subclass 451 Secondary Movement Relocation
subclass 695 Return Pending Visa
subclass 820 Spouse (Provisional)
subclass 826 Interdependency (Provisional)
subclass 785 Temporary Protection
subclass 786 Temporary (Humanitarian Concern)
subclass 787 Temporary Witness Protection (Trafficking)
Criminal Justice Stay Visa issued under subsection 155(2) of the Migration Act 1958

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