A New Tax System (Family Assistance) Act 1999

Sch 1 Pt 5 Div 1 repealed by No 17 of 2016, s 3 and Sch 2 item 5, applicable in relation to working out the rate of family tax benefit for days on or after 1 July 2016. Div 1 formerly read:

Division 1 - Large family supplement

34 Eligibility for large family supplement  
34
An amount by way of large family supplement is to be added in working out an individual ' s maximum rate under clause 3, or an individual ' s Method 2 base rate under clause 25, if the individual has 4 or more FTB children.

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History

Sch 1 cl 34 amended by No 122 of 2014, s 3 and Sch 9 item 5, by substituting " 4 or more " for " 3 or more " , applicable in relation to working out the rate of family tax benefit for days on or after 1 July 2015.

Sch 1 cl 34 amended by No 53 of 2011, s 3 and Sch 5 item 13, by substituting " , or an individual ' s Method 2 base rate under clause 25, " for " or 25 " , effective 1 July 2011.

Sch 1 item 34 amended by No 82 of 2006, s 3 and Sch 2 item 1, by substituting " 3 or more " for " 4 or more " , effective 1 July 2006.

35 Rate of large family supplement  
35
The amount of the large family supplement is worked out using the formula:

$204.40 × (Number of FTB children of the individual − 3)

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History

Sch 1 cl 35 amended by No 122 of 2014, s 3 and Sch 9 item 6, by substituting " 3 " for " 2 " in the formula, applicable in relation to working out the rate of family tax benefit for days on or after 1 July 2015.

Sch 1 cl 35 amended by No 82 of 2006, s 3 and Sch 2 item 2, by substituting " 2 " for " 3 " in the formula, effective 1 July 2006.