Whenever you have a child in your care under an approved kinship care or foster care arrangement, you'll receive a fortnightly carer allowance that's set by government for foster carers and kinship carers. The allowance is tax-free, and not considered income by Centrelink or the Australian Tax Office. The allowance changes depending on factors, including the child's age, with the base fortnightly allowance starting at around $525.
While the allowance may not cover all costs associated with caring for a child, it is designed to help meet your day-to-day costs. There are also other allowances on top of the base allowance, that you may be eligible for.
Fortnightly caring allowance
There's also a Carer Business Discount Card, that you'll be eligible for - often offering 10% at many retailers across Queensland.
Carer Business Discount Card