Baby Bonus Drops from $5,000 to $3,000
Under legislation recently tabled, from 1 July 2013, the Baby Bonus will be reduced to $3,000
for second and subsequent children.
Under the new Bill, the Baby bonus will continue to be paid at the rate of $5,000 for a family’s first
child, and for each child who comes into the family in a multiple birth, adoption or entrustment to care.
However, the amount of baby bonus for second and subsequent children who come into a family
from 1 July 2013 will be reduced to $3,000.
If you feel like you need support in making your way through the uncertainties and tough times ahead, or simply have a question or want more information, please contact PJS Accountants on (07) 33903177 or click here to contact us.
