Families, Housing, Community Services and Indigenous Affairs and Other Legislation Amendment (2008 Budget and Other Measures) Act 2008 (63 of 2008)

Schedule 2   Baby bonus

Part 1   Income limit for baby bonus

A New Tax System (Family Assistance) (Administration) Act 1999

17   At the end of section 38

Add:

Estimate of adjusted taxable income

(3) For the purposes of paragraph (2)(aa):

(a) a reference in Schedule 3 to the Family Assistance Act to an income year is taken to be a reference to the 6 month period referred to in that paragraph; and

(b) disregard subclause 2(2) and clauses 3 and 3A of that Schedule.