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A New Tax System (Family Assistance) Act 1999

PART 4 - RATE OF FAMILY ASSISTANCE (OTHER THAN CHILD CARE SUBSIDY AND ADDITIONAL CHILD CARE SUBSIDY)  

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Division 4B - Rate of single income family supplement  

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SECTION 84G   Rate of single income family supplement  

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84G(1)    
An individual ' s rate of single income family supplement is worked out in accordance with this section.

84G(2)    
For the purposes of this section:


(a) the main income earner is:


(i) if the individual is not a member of a couple - the individual; or

(ii) if the individual is a member of a couple - the member of the couple whose taxable income for the income year is the highest (or the individual if those taxable incomes are equal); and


(b) if the individual is a member of a couple - the low income earner is the member of the couple whose taxable income for the income year is the lowest (or the individual ' s partner if those taxable incomes are equal).

Annual rate

84G(3)    
An individual ' s annual rate of single income family supplement is nil if the main income earner ' s taxable income for the income year (rounded down to the nearest dollar) is:


(a) $68,000 or less; or


(b) $150,000 or more.

84G(4)    
An individual ' s annual rate of single income family supplement is worked out as follows if the main income earner ' s taxable income for the income year (rounded down to the nearest dollar) is more than $68,000 and less than $150,000: Method statement


Step 1.

Work out the main income earner ' s taxable income (rounded down to the nearest dollar).


Step 2.

Reduce the amount at step 1 by $68,000.


Step 3.

Multiply the amount worked out at step 2 by 0.025.


Step 4.

If the amount at step 3 is less than or equal to $300, the provisional component is the amount at step 3.


Step 5.

If the amount at step 3 is more than $300, the provisional component is:

  • (a) if the main income earner ' s taxable income exceeds $80,000 and is less than or equal to $120,000 - $300; or
  • (b) if the main income earner ' s taxable income exceeds $120,000 - $300 less $0.01 for each dollar of the excess.


    • Step 6.

    If the individual is not a member of a couple - the individual ' s annual rate of single income family supplement is the provisional component.


    Step 7.

    If the individual is a member of a couple - the individual ' s annual rate of single income family supplement is the provisional component less any reduction under step 8.


    Step 8.

    If the low income earner ' s taxable income for the income year (rounded down to the nearest dollar) exceeds $16,000, the provisional component is reduced (but not below nil) by $0.15 for each dollar of the excess.



    Daily rate

    84G(5)    

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    The daily rate of single income family supplement is the annual rate divided by 365 and rounded up to the nearest cent.
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