1.1.B.40 Bonus test date (SKB)

Cessation of SKB

The final instalment of SKB (in respect of the 30 June 2016 bonus test date) was paid in July 2016. For individuals who claim their FTB Part A via a lump sum for the 2015-16 income year, SKB will be paid with their FTB Part A entitlement if eligible.

The following information is relevant to the 2012-13 to 2015-16 income years only.

Definition

For the purposes of SKB (1.2.14) a bonus test date is the date used to determine an individual's entitlement to the SKB (2.10). The bonus test dates used for SKB are 1 January and 30 June of each year.

Act reference: FAAct section 3(1) Definitions

Policy reference: FA Guide 1.2.14 Schoolkids Bonus (SKB) - Description, 2.10 SKB Eligibility

Last reviewed: 15 August 2016