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<p>The Taxation (COVID-19 Support Payments and Working for Families Tax Credits) Bill, introduced on 23 November, passed through all stages in the House last night. The Bill:</p>
<ul>
<li>increases the Family Tax Credit by almost $15 per week for the eldest child in a family and around $13 per week for subsequent children from 1 April 2022</li>
<li>provides for a scheduled CPI indexed increase to Best Start from $60 to $65 per week from 1 April 2022</li>
<li>increases the abatement rate for the Family Tax Credit and the In-Work Tax Credit from 25 percent to 27 percent from 1 April 2022</li>
<li>increases the Minimum Family Tax Credit threshold from $31,096 to $32,864 from 1 April 2022, and</li>
<li>removes the requirement for a change in Alert levels for activating the Resurgence Support payment under the new COVID-19 Protection Framework.</li>
</ul>
<p>The new legislation now awaits enactment. For more information, see the Minister of Revenue’s <a href="/news/2021/2021-11-25-family-tax-credit-bill-passed#statement">media statement</a>.</p>
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