Tuesday, April 08, 2008

Gerry Harvey knows baby bonus spent on plasma TVs

RETAIL giant Gerry Harvey said it was no secret that couples were splurging the baby bonus on televisions, alcohol and holidays.
The revelation from one of Australia's biggest retailers comes as the Federal Government considers dramatic changes to the baby bonus scheme, effectively cancelling out the lump-sum arrangements currently in place.

One proposal being examined would include 14 weeks' paid maternity leave rather than a $4133 payment to new mothers, which is due to rise to $5000 on July 1 this year.
. . .
The baby bonus was introduced by John Howard in 2004 to help parents meet some of the initial costs associated with having a baby.

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