Sch 1 cl 24Q repealed by No 17 of 2016, s 3 and Sch 2 item 3, applicable in relation to working out the rate of family tax benefit for days on or after 1 July 2016. Cl 24Q formerly read:
24Q How to work out an individual
'
s LFS (large family supplement) amount
24Q
This is how to work out the individual
'
s
LFS amount
for the maintenance income:
Method statement
Step 1.
Work out the individual
'
s large family supplement (if any) under Division 1 of Part 5.
Step 2.
Work out the amount that would be the individual
'
s large family supplement (if any) under that Division if large family supplement were paid for only those children in respect of whom neither the individual, nor the individual
'
s partner, is entitled to apply for maintenance income.
Step 3.
If the individual, and the individual
'
s partner, between them are entitled to apply for maintenance income from only one maintenance payer, the difference between the amount worked out under step 1 and the amount worked out under step 2 is the individual
'
s
LFS amount
for the maintenance income.
Step 4.
If the individual, and the individual
'
s partner, between them are entitled to apply for maintenance income from more than one maintenance payer, the individual
'
s
LFS amount
for maintenance income received from a particular maintenance payer is worked out using the formula:
| |
Amount worked out
under step 3
Total number of FTB children in respect of whom either the individual, or the individual
'
s partner, is entitled to apply for maintenance income |
× |
Number of FTB children in respect of whom the individual, or the individual
'
s partner, is entitled to apply for maintenance income from that maintenance payer |
|
Sch 1 cl 24Q inserted by No 146 of 2006, s 3 and Sch 8 item 155, applicable to the 2008-09 income year and later income years.
View history note
Hide history note