School Saving Bonus 

Any balance remaining at this time will automatically transfer to family accounts at the school for families to use toward school activities. Families do not need to action this transfer.

Funds will rollover for use in future years if not all spent in 2025.

Families who have more than one child at the same school can combine their School Saving Bonus to use on one child or for a specific activity (for example, a camp). 

The School Saving Bonus cannot be combined across different schools and cannot be transferred between government and non-government schools.

Unused money from the School Saving Bonus will follow students transferring between government schools. Where a student leaves the government school system any unused money can be transferred to a sibling at the same school. If there is no sibling, the funds can be retained by the school to support other students with educational costs.