What financial assistance is available to parents of newborn children based on income?

The financial assistance most relevant to parents of newborn children, based on income, is the Family Tax Benefit. This is a payment designed to help families with the cost of raising children, and it is directly linked to family income. Eligible families can receive financial support after the birth of a child to help cover expenses associated with their care.

The Baby Bonus was a previous payment scheme in Australia that provided a lump-sum payment to families after the birth of a child. However, it has since been replaced by the Family Tax Benefit, reflecting a shift in the government's approach to supporting families with ongoing assistance rather than a one-time payment.

The Child Care Subsidy is aimed at reducing the cost of child care for working families and is not specifically targeted at parents of newborns; it is more applicable to families where both parents are working or studying, or when the parent is actively seeking work.

The Newborn Grant is not typically recognized as a standard form of financial assistance under current programs available to new parents, making it less relevant in this context.

Thus, the Family Tax Benefit is the most appropriate choice as it directly addresses the ongoing financial support needs of families based on their income following the birth of a child.