Family Payment Reform - maintain Family Tax Benefit payment rates for two years

From 1 July 2014 the indexation of the maximum rate of Family Tax Benefit Part A and Part B will be fixed for two years.

This measure has not started. It is subject to the passage of legislation.

Description of the measure

From 1 July 2014 the indexation of the maximum rate of Family Tax Benefit Part A and Part B will be fixed for two years.

The maximum rate of Family Tax Benefit Part A will remain for two years at:

  • $5,215.85 per year for each child aged under 13 years
  • $6,566.35 per year for each child aged 13-15 years (or 16-19 years if the child is in secondary school).

The maximum rate of Family Tax Benefit Part B will remain for two years at:

  • $4,171.95 per year for families where the youngest child is under five years
  •  $3,018.55 per year where the youngest child is aged five-18 years.

This change applies automatically for new and existing customers who receive Family Tax Benefit Part A and/or Family Tax Benefit Part B. There are no changes to when or how payments are made.

Questions and answers

Who will be affected by this measure?

This measure will affect new and existing customers who receive Family Tax Benefit Part A and/or Family Tax Benefit Part B.

Am I eligible for this measure?

This change applies automatically to new and existing customers who receive Family Tax Benefit Part A and/or Family Tax Benefit Part B.  There are no changes to when or how payments are made.

When will this measure start and finish?

Indexation under this measure will be fixed from 1 July 2014 for two years.

Page last updated: 16 March 2016

This information was printed Sunday 25 September 2016 from humanservices.gov.au/corporate/budget/budget-2014-15/budget-measures/families/family-payment-reform-maintain-family-tax-benefit-payment-rates-two-years-0 It may not include all of the relevant information on this topic. Please consider any relevant site notices at humanservices.gov.au/siteinformation when using this material.