Save Search

Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Budget 2008: $4.4 billion to help families meet schooling costs.



Download PDFDownload PDF

The Hon Julia Gillard MP

Minister for Education. Minister for Employment and Workplace Relations Minister for Social Inclusion. Deputy Prime Minister

The Hon Wayne Swan MP

Treasurer

13 May, 2008

Joint Media Release

$4.4 billion to help families meet schooling costs

Australian working families are set to benefit from the Rudd Government’s decision to create a new Education

Tax Refund, to help with the costs of education.

About 1.3 million families (with 2.7 million students) will be eligible for the refund tax offset which is expected

to benefit Australian families by more than $1 billion a year.

Eligible families will be able to claim a 50 per cent refundable tax offset every year for key education expenses

up to:

z $750 for each child undertaking primary studies

(maximum refund of $375 per child, per year) z $1500 for each child undertaking secondary studies

(maximum refund of $750 per child, per year)

Families receiving Family Tax Benefit (Part A) with children undertaking primary or secondary studies or

whose school children receive Youth Allowance or another relevant payment (see Attachment) will be eligible

for the Education Tax Refund.

Page 1 of 3

The refundable tax offset will apply to expenses incurred from 1 July 2008 and will be claimed upon

lodgement of a 2008-09 income tax return.

Eligible families will be able to recoup the cost of purchases including:

z laptops;

z home computers and associated costs;

z home internet connection;

z printers;

z education software;

z prescribed trade tools for use at school;

z school text books; and

z stationery.

Together with other measures in A Tax Plan for Australia’s Future, the Education Tax Refund will ease cost of

living pressures for families and is another step towards creating a world-class school education system.

Media Contact:

media@deewr.gov.au

Department of Education, Employment and Workplace Relations: DEEWR Media (02)6240 7300

Page 2 of 3