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In a media release issued on 6 May 2012, the Prime Minister, Julia Gillard announced that a new "Schoolkids Bonus" will replace the Education Tax Refund from 1 January 2013.

As part of the transition to the new Schoolkids Bonus, the Education Tax Refund for 2011-12 will be paid out in full to all eligible families as a lump sum payment in June. This means families will receive their full Education Tax Refund entitlement ahead of tax time – so parents won’t have to worry about keeping receipts or making claims when they do their tax this year.


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