10th Feb 2016, 11:43 AM – Representatives Social Services Legislation Amendment (Family Payments Structural Reform and Participation Measures) Bill (No. 2) 2015 - Second Reading - Agree with bill's main idea

The majority agreed with the main idea of the bill. In parliamentary jargon, they agreed to read the bill for a second time.

Main idea of the bill

The bill makes changes to the Family Tax Benefit Part A and Part B, known as FTB-A and FTB-B.

The bills digest summarises the changes:

Overall, the measures will see an *increase** in FTB-B rates for families whose youngest child is aged under one year, accompanied by a reduction in payment rates for all FTB-A families, a significant reduction in FTB-B payment rates for single parents and grandparent carers with teenagers, and the loss of FTB-B for couple families whose youngest child is aged 13 or over, and for single parents and grandparent carers whose youngest child is aged 17 or 18.* [Emphasis added]

In other words, there are increases in benefits for some families with children under one year old and reductions for some families with teenage children.

Read more in the bills digest.