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Article: PM bets on baby bonus: $1.2bn targeted at crucial marginals.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 29, 2001
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Copyright informationCOPYRIGHT 2001 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct 29, 2001 (The Australian
ABIX via COMTEX) -- Australian Prime Minster, John Howard, has announced an election policy designed to interest low and middle income families. In late October 2001, Howard declared that a taxation rebate will be offered to families in which one parent opts to remain at home following the birth of a child. A rebate of between $A500 a year and $A2500 a year will be offered to assist in the care of the first child born to each family in the five years following 1 July 2002, regardless of whether the family has other children. The plan is expected to cost the Government $A1.2 million. Opposition leader, Kim Beazley, has warned voters to ...