FamilyBoost Amendment Bill introduced

The Bill proposes to increase the level of assistance available through the FamilyBoost scheme by:

• increasing the percentage of early childhood education expenses claimable from 25% to 40%, raising the maximum quarterly tax credit payment from $975 to $1,560;
• and reducing the abatement rate from 9.75% to 7%, increasing the quarterly maximum household income cap from $45,000 to $57,286 (equivalent to $180,000 to $229,144 annual household income).

For more information see:

• Bill as introduced
• Bill commentary 
• Regulatory Impact Statement 
• Disclosure Statement