Best Start is a $60 per week payment (up to $3,120 per year) per child for babies born on or after 1 July 2018.
All eligible families will receive this payment until the child turns one, regardless of their household income. Households whose income is less than $79,000 will continue to receive $60 per week until the child turns three.
Paid Parental Leave Extended
Paid parental leave is extending from 18 weeks to 22 weeks from 1 July 2018 for babies born or expected to be born on or after 1 July 2018.
Working for Families Tax Credits
A higher payment rate and widening of the eligible income range is being introduced from 1 July 2018.
If you’re an existing Working for Families customer you will receive a new Notice of Entitlement in June that will include your new payment amount.
For more information about any of these changes please contact us at McClean & Co.