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30 May 12 Schoolkids Bonus Budget Measures Bill receives Royal Assent

On 26 May 2012, Family Assistance and Other Legislation Amendment (Schoolkids Bonus Budget Measures) 2012 received Royal Assent as Act No 50 of 2012.

The Bill  provides for the schoolkids bonus ($410 per child in primary school and $820 per child in high school) to be paid in January and July each year from 2013; removes the Education Tax Refund (ETR) from the 2011-12 financial year; and provides for a one-off transitional lump sum ETR payment ($409 per child in primary school and $818 per child in high school) in June 2012.

 


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