Some changes have been implemented in the IWTC (in-work tax credit), that eliminates the necessity for working families to work a minimum number of hours.
From 1 July, the IWTC is accessible to qualified families who are:
- Not getting an income-tested grant or student allowance, and
- Have a little income from paid work each week.
The IWTC is a payment of about $72.50 per week or $3,770 per year to employed families for the first 3 children and up to $15 extra a week for each additional child.