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Tag Archives: Minerals Resource Rent Tax

We told you things would be bad (part 2)

Some things just slip under the radar, such as this piece of news which was “concealed” on the website of the Department of Human Services this week:

The Australian Government has committed to abolishing the Schoolkids Bonus. On 24 October 2013, the Government released an exposure draft of the Minerals Resource Rent Tax Repeal and Other Measures Bill 2013 that includes abolishing the Schoolkids Bonus. This legislation will be introduced into Parliament on 13 November 2013.

What did we tell you before the election?

If you have school-aged children…

Under Labor you would receive the Schoolkids Bonus of $410 a year for each child in primary school and $820 a year for each child in secondary school.

The Coalition would axe the Schoolkids Bonus.

It’s apparent that if you want to know what the Government is up to you’d need to scour their department’s web sites. But really, who would have thought to look up the draft MRRT bill on the Treasury web site to first learn about the fate of the Schoolkids Bonus?

Yes, I say again: We told you things would be bad.

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