Paid Parental Leave may become available from January 2011 in Australia.
This has been promised by Kevin Rudd and the current Labor Government.
The plan is that families, whose primary carer earns under $150,000 a year, will be paid for 18 weeks at the federal minimum wage of about $544 a week. This figure will be classed as taxable income.
These families will no longer get the Baby Bonus or Family Tax Benefit part B.
Stay-at-home parents will continue to receive the baby bonus and Family Tax Benefit part B.
It has been calculated that both groups of parents will end up getting about the same in total benefits, within about $200 of each other.
A stay-at-home mother with a partner on average earnings will continue to receive more than $10,000 in government assistance in the year after the birth of her baby. This is more than the $9792 before tax on offer under the paid maternity leave scheme.
Source: www.theaustralian.com.au
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