As a result of the repeal of the MRRT, the School Kids Bonus will be continued until 31 December 2016 and then repealed. However it will be means tested at a threshold of $100,000.
From 1 January 2012 (effectively) a ‘School Kids Bonus’ is automatically paid to the parent who is eligible for Family Tax Benefit Part A.
There is no requirement to prove education expenditure.
The payment is made in two instalments – January and June.
The last Education Tax Refund can be claimed in the 2010/2011 tax return.