3.12 SBP Rate
Families eligible for SBP will be paid at the rate of:
- the higher NBS rate plus NBU first stillborn child and for each stillborn child delivered during a multiple birth, or
- the lower NBS rate plus NBU for second and subsequent stillborn child (not delivered during a multiple birth).
SBP is paid via a single lump sum.
Example: On 3 November 2017, Tracey delivers a stillborn child as part of a multiple birth with one surviving child. Tracey lodges an FA claim for her surviving child. As Tracey is not eligible for PPL due to not meeting the work-test, based on her family's income, she receives the higher rate of NBS for her surviving child, and the higher rate of SBP for her stillborn child. Tracey is eligible for the SBP higher rate for her stillborn child as the child was born during a multiple birth.
Act reference: FAAct section 66 Amount of SBP, Schedule 1 Part 5 clause 35B Annualised rate of NBS
Policy reference: FA Guide 3.11 NBS rate
SBP is not indexed directly, but increases on 1 July each year due to the annual indexation of the NBS and NBU rates.
Policy reference: FA Guide 220.127.116.11 Indexation of FTB
Rate to be paid relates to eligibility
The rate of SBP is determined according to the rate that applies on the day the individual becomes eligible for SBP for the child. This means that the rate is the applicable rate on the day of the child's delivery, or such later date that the individual first becomes eligible for SBP.
Example: Charlie has a stillborn child during the 2018-19 year. Charlie lodges a claim for SBP during the 2019-20 year and is granted SBP under the $62,057 income test. As Charlie is eligible for SBP from the date of the stillborn child's delivery, the SBP rate paid is the 2018-19 rate.