Family Assistance Legislation Amendment (Cheaper Child Care) Act 2022 (66 of 2022)

Schedule 1   Child care subsidy rates

Part 1   Main amendments

A New Tax System (Family Assistance) Act 1999

14   Subclause 3(4) of Schedule 2

Repeal the subclause, substitute:

(4) In this Act:

lower income (base rate) threshold means $80,000.

Note: This amount is indexed annually in line with CPI increases (see Schedule 4). However, the amount will not be indexed in 2023 (see subclause 3(9) of Schedule 4).

upper income (base rate) threshold means the lower income (base rate) threshold plus $450,000.