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2013 Budget Low Down: What Does It Mean For Your Family?

After spending a cosy night on the couch with a glass of wine and Mr Swan on the telly, the budget turned out to be a bit of a non event.  As with most budgets most of the unpalatable stuff had already been leaked and interestingly there was none of the major vote grabbing hand outs that you would expect from a government facing an election in four months time.  The fastest summary I can give from a family point of view is, baby bonus scrapped, Medicare Levy up and wave good bye to your promised tax cuts.  Oh and if you are a smoker the cost of your cigarettes will increase too.  So here is the low down on some of the things I think you really need to know from the Budget….

(1) Baby Bonus Scrapped

So let’s start with probably the most controversial policy change from a family point […]

By |May 15th, 2013|Federal Budget, Government Payments|2 Comments

Dad and Partner Pay

It is not very often you get something for free.  So, for those of you who are having a baby or thinking of having a baby here is a new government payment to keep in mind.  It gives dads two weeks paid parental leave at $606 per week before tax.  It is available to eligible working dads or partners (including adopting parents and same-sex couples) who care for a child born or adopted from the start of 2013.

As with most government payments there are conditions that need to be met including that the recipient of the payment:

  • provides care for a child born or adopted from 1 January 2013
  • are an Australian resident
  • meets the work test, which requires they have to have worked for:
    – at least 10 of the 13 months before the date of the Dad and Partner Pay period starts, and
    – at least 330 hours in that 10 month period […]

By |March 13th, 2013|Government Payments|0 Comments