1.1.C.57 Current education period (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) the current education period for a bonus test day of 1 January is the period beginning on 1 January and ending on 30 June in the same calendar year as the bonus test date occurs. For a bonus test day of 30 June, the current education period is the period beginning on 1 July and ending on 31 December in the same calendar year as the bonus test date occurs.

Act reference: FAAct section 3(1)-'current education period'

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

Last reviewed: 15 August 2016