Family Tax Benefit and child care rates to increase

The Minister for Family & Community Services has announced that the rates for Family Tax Benefit (FTB) and Child Care Benefit (CCB) will be increased from 1 July 2007 . Under the changes, families on a single income of $50,000 with two young children will receive $10,768pa in FTB. The FTB family income threshold to still receive the maximum rate will be increased to $41,318. In addition, the Child Care Benefit will increase 13 per cent from 1 July so that a low income family with one child in full-time care will receive an extra $20.50 per week.