What action will be taken if optical shops or retail pharmacies accept Child Development Account (CDA) payments on or after 1 Jan 2026?
From 1 Jan 2026, payments made through Child Development Account (CDA) withdrawals are strictly prohibited as optical shops and retail pharmacies will no longer be Baby Bonus Approved Institutions (AIs). MSF monitors CDA transactions and will investigate any unauthorised CDA withdrawals.
CDA trustees and/or the Approved Persons in respect of the AIs found to have made unauthorised CDA withdrawals will be required to make refunds into the CDA.
Related questions
If partial payment had been made for a child’s eyewear or medication via Child Development Account (CDA) before 1 Jan 2026, can the optical shops or retail pharmacies allow remaining balance to be paid via CDA after discontinuation as Baby Bonus Approved Institution (AI) from 1 Jan 2026?
Can my optical shop or retail pharmacy continue accepting Child Development Account (CDA) payments before 1 Jan 2026?
When will the discontinuation of Child Development Account (CDA) usage at optical shops and retail pharmacies be implemented?
How will parents be notified of the discontinuation of Child Development Account (CDA) usage at optical shops and retail pharmacies?
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