DETAILS OF THE GOVERNMENT'S NEW FAMILIES PACKAGE
* Increases Family Tax Benefit Part A by $10.08 a fortnight for each child from July 2018.
* Boosts fortnightly payments for under-18s living at home on Youth Allowance by $10.44 .
* Family Tax Benefit Part B for families with a child under the age of one will increase by $1000.10 annually for each child.
* FTB Part B cut off at age 13, down from 16.
* Single parents and grandparents with a child between 13 and 16 will get a mitigating payment of $1000.10
* FTB Part A and Part B supplements will be phased out by 2018.
* $4.8 billion savings will fund government's childcare package.
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