Family Assistance and Other Legislation Amendment Act 2013 (70 of 2013)

Schedule 1   Reduction of baby bonus from 1 July 2013

A New Tax System (Family Assistance) Act 1999

1   Section 66

Repeal the section, substitute:

66 Amount of baby bonus

General rule

(1) Subject to this section, the amount of baby bonus for an individual in respect of a child is as follows:

(a) if the individual is eligible for baby bonus under subsection 36(2) and the child is the first child born alive to the woman who gave birth to the child - $5,000;

(b) if the individual is eligible for baby bonus under subsection 36(3) and the child is the first child that becomes entrusted to the care of the individual, or the individual's partner, in the circumstances mentioned in paragraph 36(3)(b) - $5,000;

(c) if the individual is eligible for baby bonus under subsection 36(4), the child is the first stillborn child of the woman who gave birth to the child and the woman has not given birth to any other children - $5,000;

(d) if the individual is eligible for baby bonus under subsection 36(5) and the child is the first child that becomes entrusted to the care of the individual, or the individual's partner, in the circumstances mentioned in paragraphs 36(5)(a) to (b) - $5,000;

(e) otherwise - $3,000.

Multiple children cases

(2) The amount of baby bonus for an individual in respect of each child born during the same multiple birth (including any stillborn child) is $5,000.

(3) If an individual is eligible for baby bonus under subsection 36(3) in respect of 2 or more children who become entrusted to the care of the individual, or the individual's partner, as part of the same entrustment to care process, the amount of baby bonus in respect of each child is $5,000.

(4) If an individual is eligible for baby bonus under subsection 36(5) in respect of 2 or more children who become entrusted to the care of the individual as part of the same adoption process, the amount of baby bonus in respect of each child is $5,000.

Shared baby bonus

(5) If, under paragraph 37(3)(b), the Secretary has determined the percentage that is to be an individual's percentage of baby bonus in respect of a child, the amount of baby bonus for the individual in respect of that child is that percentage of the amount worked out under subsections (1) to (3) of this section.