Social Services and Other Legislation Amendment Act 2014 (14 of 2014)

Schedule 12   Other amendments

Part 6   Other amendments

A New Tax System (Family Assistance) Act 1999

77   After subsection 58AA(1)

Insert:

(1A) If:

(a) under Division 1A of Part 5 of Schedule 1 an amount of newborn supplement is added for a day in relation to both members of a couple and an FTB child of both members of the couple; and

(b) in relation to that day, a determination under section 28 or 29 is in force in relation to both members of the couple and that child; and

(c) that day is the first day on which an amount of newborn supplement is added in relation to that child;

then, despite subsection (1) of this section, each member of the couple is entitled to be paid, as an amount of family tax benefit in respect of that child, an amount equal to $500 multiplied by the percentage applicable under that determination for that member on that day.

Note: The amount is to be paid as a single lump sum: see section 24A of the Family Assistance Administration Act.