Summary
Amends the: A New Tax System (Family Assistance) Act 1999 and A New Tax System (Family Assistance) (Administration) Act 1999 to provide for an ongoing increase in the maximum and base rates of family tax benefit (FTB) Part A supplement; A New Tax System (Family Assistance) Act 1999, A New Tax System (Family Assistance) (Administration) Act 1999, Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997 to provide for a new maternity payment and maternity immunisation allowance which will replace the current maternity allowance and the Baby Bonus; and A New Tax System (Family Assistance) Act 1999 to: reduce the rate at which FTB Part A reduces from the maximum rate to the base rate; reduce the rate at which FTB Part B is withdrawn; and increase the income free area for FTB Part B. Also contains application and transitional provisions.