Family Tax Benefits are among the welfare support schemes predicted to be slashed in the May 13 Budget, the first to be delivered by Liberal Treasurer Joe Hockey.
Changes to the fortnightly payments for the Family Tax Benefit A came into effect in July 2000, providing financial support to families whose income was equal or less to the income free area for the relevant income year.
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Further changes in 2012 and 2013 affected eligibility for senior secondary school students.
From January 1 in 2012, the maximum standard rate for children aged 16 to 19 who were students increased to the same maximum standard rate applied to 13 to 15-year-old children.
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The following year, the benefit was limited to children up to 15 years and 16 to 19 years fulltime students. Children aged between 16 and 17 years who had completed their Year 12 or equivalent qualification were also eligible.
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Two parent and single parent families where the breadwinner earns $150,000 per annum or less are also eligible for Family Tax Benefit Part B.
A single parent earning less than $150,000 a year receives the maximum rate for the fortnightly payments, while the secondary earner in a partnered relationship can receive the maximum rate if their income is equal to or below the income free area.
