Family and Community Services Legislation Amendment Act 2003 (30 of 2003)

Schedule 2   Amendments of the family assistance law and certain related Acts

Part 2   Amendments related to the A New Tax System (Family Assistance and Related Measures) Act 2000

A New Tax System (Family Assistance) Act 1999

53   At the end of section 3

Add:

(7) For the purposes of this Act, the CPC rate at a particular time is:

2(Maximum basic rate + Pension supplement)

where:

maximum basic rate is the maximum basic rate of age pension payable to a person in accordance with item 2 of Table B in point 1064-B1 of Pension Rate Calculator A in section 1064 of the Social Security Act 1991.

pension supplement is the amount of the person's pension supplement worked out in accordance with Module BA of Pension Rate Calculator A in section 1064 of the Social Security Act 1991, using the maximum basic rate in item 2 of Table B in point 1064-B1 in that section.