- Date
-
14 Mar 2002
- Chamber
-
House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Amends the
Income Tax Assessment Act 1936
and Income Tax Assessment Act 1997
to introduce the first child tax refund (baby bonus) which provides for a refundable tax offset, of a minimum of $500 and up to $2 500 per annum, for a maximum period of 5 years, for parents following the birth, adoption or legal guardianship of a child on or after 1 July 2001.