Australian Labor Party
The Schoolkids Bonus helps eligible families with education costs. It's automatically paid into elible family accounts as instalments in January and July every year. The benefit of being that there is now no longer a requirement to make a taxation claim.
The School Kids Bonus provides for a total annual payment of $410 per primary school child and $820 per high school child.
Source: Current Legislative Policy
Liberal National Party
Schoolkids Bonus Policy
The LNP have stated that they will repeal the Schoolkids Bonus
Source: Mini-campaign Document