January 2012     From January 1, 2012,  eligible families with teenagers aged 16 to 19 will get a boost to their family payments of to up to $4,208 per teenager, if their child stays in school or a vocational training equivalent.  This increase will bring the maximum rate of Family Tax Benefit Part A for eligible teenagers to $6,307 a year.

Prime Minister Julia Gillard and Minister for Families Jenny Macklin today met with the Huynh and Tran families in Smithfield, Sydney, to discuss what the increased Family Tax Benefit (FTB) Part A payments will mean for them.

We all know teenagers don’t cost less once they turn 16.  If anything they cost more, which is why we're making this important change today.  There are about 630,000 families across Australia with a teenager turning 16 within the next five years who stand to benefit from this increase if their child stays in school or a vocational training equivalent.

This increase means these families could benefit from the increase in the maximum rate of FTB Part A of up to $160 extra per fortnight to help pay the bills, which translates to an increase of $4,208 annually.

In addition to this, more than 82,000 teenagers currently aged between 16 and 19 could also benefit from the changes. Families already receiving Family Tax Benefit Part A will have their entitlements automatically adjusted from today if they are entitled to the higher rate.

The Minister for Families Jenny Macklin said that evidence showed that those teenagers who finish their education or get a trade are better off in the long term.  We want all children to stay in school or get school-based apprenticeships to give them the best chance at getting a good job.  This change will provide parents with that extra financial support to ensure their older teenagers achieve a Year 12 Certificate or equivalent qualification.

For more information, go to: http://www.fahcsia.gov.au/sa/families/payments/Pages/supporting_families_teenagers.aspx

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