A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 1 - Family Tax Benefit Rate Calculator  

Part 4 - Part B rate  

Division 1 - Overall rate calculation process  

Subdivision AA - When Part B rate is nil  

28B   Adjusted taxable income exceeding $100,000  

(1)    
Despite Subdivisions A and B, an individual ' s Part B rate is nil if the individual ' s adjusted taxable income is more than $100,000.

Note:

If the individual is a member of a couple, the individual ' s adjusted taxable income is the higher of the individual ' s adjusted taxable income and the adjusted taxable income of the individual ' s partner: see clause 3 of Schedule 3 .

(2)    
However, subclause (1) does not apply while the individual, or the individual ' s partner, is receiving a social security pension, a social security benefit, a service pension, income support supplement or a veteran payment.