Family Tax Benefit (FTB) 007-07000000

FTB consists of the following parts:

• FTB Part A
  • Paid for each FTB child in their care
  • Can include additional components depending on the family's circumstances: Large Family Supplement (LFS) (not payable from 1 July 2016), Multiple Birth Allowance (MBA), Newborn Supplement (NBS), Energy Supplement (CESA) (payable to grandfathered customers who received CESA as of 19 September 2016) and Rent Assistance (RA)
• FTB Part B
  • Provides extra assistance to single parents, non-parent carers (including grandparent carers) and couples with one main income and is paid per family based on the age of the youngest child
    Note: FTB part B is not payable from 1 July 2016 to couples who have a youngest child aged 13 years or over, unless the person is a grandparent carer
  • Can include the Energy Supplement (CESB) (payable to grandfathered customers who received CESB as of 19 September 2016)
• Single Income Family Supplement (SIFS)
  • Paid after the end of the financial year. Note: SIFS is not payable to new recipients from 1 July 2017, however existing recipients may be eligible if they meet the grandfathering provisions

Individuals and Approved Care Organisations (ACO) may be eligible for FTB for a dependent child in their care for at least 35% of the time. Different eligibility criteria applies.

A claim for FTB is required.

Recipients are required to notify a change in their circumstances when receiving payments. Rules apply to how long payment can continue when a recipient goes overseas temporarily.

The amount of FTB Part A is based on the actual family income, the number of children and how old they are.

The amount of FTB Part B is paid per family, based on the age of the youngest child.

Instalment payments are based on the recipient's reasonable estimate of their annual income. It is essential that estimates include all components of their assessable income.. At the end of the financial year payment is reconciled to determine correct entitlement.

There are separate income tests for FTB Part A and Part B for individuals.

ACOs are paid the base rate of FTB Part A which is not income tested.