3.6.3 FTB Part B - Historical Rates

Summary

This topic contains historical rates of FTB Part B and FTB Part B supplement.

Maximum rate of FTB Part B

FTB Part B is paid to two-parent and single parent families where the primary income earner has an income of $150,000 per annum or less. A single parent earning less than $150,000 per annum receives the maximum rate of FTB Part B. The secondary earner in a partnered relationship (where the primary earner has an income of $150,000 per annum or less) can receive the maximum rate of FTB Part B if their income is equal to or below the income free area. FTB Part B is reduced by 20 cents for each dollar of income above the income free area. Prior to 1 July 2004, FTB Part B was reduced by 30 cents for each dollar of income above the income free area.

Note: FTB Part B supplement was introduced from 1 January 2005. The supplement is a component of the annual maximum FTB Part B rate and is paid after reconciliation. The supplement is not included in the fortnightly rates.

Rates shown are fortnightly, except where indicated otherwise.

*Note: Prior to 1 January 2012 FTB Part B could be paid for a 16 to 18 year old child who was in full-time secondary or tertiary study, up to the end of the calendar year in which they turned 18.

FTB Part B supplement

The FTB Part B supplement is a per family payment that was introduced for the 2004-05 financial year and is payable at the end of a financial year after reconciliation has occurred. It is a component of the maximum annual rate of FTB Part B, although it cannot be paid fortnightly.

In the 2011-12 Budget, the Government announced that the FTB Part B supplement rate will be maintained at the same level for 3 years until 30 June 2014.

Policy reference: FA Guide 3.1.9 FTB Part B Rate Calculation

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Last reviewed: 2 July 2012