Baby Bonus

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The Baby Bonus is a government payment to parents of a newborn baby or adopted child to assist with the costs of childrearing.

Australia

The government of Andrew Fisher introduced a baby bonus of £5 .

The baby bonus scheme introduced by the Federal Government of Australia in the 2002 budget was aimed at offsetting the expenses associated with bearing a child. The scheme was also introduced as a means of increasing Australia's fertility rate and to mitigate the effects of Australia's ageing population. The bonus was paid in a lump sum to a nominated financial institution. From January 1, 2009 the payment is paid in 13 fortnightly installments. The receivable amount from July 2010 is...
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