• Will you get more baby bonus if you transfer?

    To assist you in deciding whether to transfer your eligibility for the baby bonus, you and your spouse should work through the calculations to help you work out which person will get the higher baby bonus amount.

    Example

    Caron is the eligible person for her daughter, Rachel. Caron is married to David. David stayed at home to look after Rachel and as a result had a reduction in income. They used the calculations and worked out that they get more baby bonus if Caron transfers her eligibility to David. David then completes and lodges the baby bonus claim.

    If you - as the eligible person choose to transfer your eligibility to your spouse, you and your spouse must work through a series of steps which includes completing the Base year election and the 2002 baby bonus transfer agreement.

    If you choose not to transfer and to claim the baby bonus yourself, go to How to complete your 2002 baby bonus claim.

    How to transfer your eligibility to your spouse

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Step 1

    If you are transferring your eligibility to your spouse complete the following Base year election. Before transferring your eligibility for the baby bonus, you - as the eligible person - must choose your own base year because if you make a claim in the future this will be your base year.

    • The base year that you choose does not have to be the same as the transferee's base year written on the claim.
    • Once a base year has been chosen it cannot be changed or revoked.
    • Your Base year election must be cut out and kept with your other tax records for 6 years from the date of the election.

    Base year election

    I ............................................................................................. ,
                         Eligible person's name

    elect ................... as my base year* for baby bonus purposes.
         Income year

    My eligible child is ........................................................................ and
                                        Child's name

    the child's date of birth is ............. / ............ / ............ .

    I understand that once this election has been made it cannot be changed or revoked.

    ............................................................   .......... / ........... / ...........
              Signature of eligible person                    Date

    *Base year for transfers

    The base year for the eligible person can be either 2001 or 2002.

    The base year for the transferee will be 2001.

    Step 2

    The eligible person and the transferee must now complete the 2002 baby bonus transfer agreement.

    A baby bonus transfer agreement:

    • must be made before lodging a baby bonus claim
    • cannot be made for less than the claim period
    • is valid for only one income year
    • must be cut out and kept by the transferee with their tax records for 6 years from the date of the agreement. Do not lodge it with the claim.

    2002 baby bonus transfer agreement

    I ................................................................................................... ,
                  Eligible person's name

    agree to transfer my eligibility for the baby bonus for 2002 to my spouse .........................................................................
                   Spouse's name

    for my child .................................................................................... and
                         Child's name

    the child's date of birth is ............. / ............ / ............ and

    the date I became legally responsible* for the child was .......... / ........ / ........ .

    The total number of days I was eligible to claim the baby bonus was ....................... .

    .................................................................................................
                  Signature of eligible person

    I ................................................................................................... ,
                  Transferee's name

    was the spouse of the above named eligible person for the entire claim period.

    .................................................................. ............. / ........... / ...........
                   Signature of transferee                           Date

    *Date you became legally responsible

    You only need to complete this date if you gained legal responsibility of the child (for example, through a court order).

    Last modified: 22 Dec 2009QC 16563