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A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 1 - Family Tax Benefit Rate Calculator  

Part 3A - Part A rate (Method 3)  

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28A  

28A   Method of calculating Part A rate  

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Subject to the operation of clauses 38J and 38K , if the individual ' s Part A rate is to be calculated using this Part, it is calculated as follows: Method statement

Step 1.

Work out the individual ' s rent assistance (if any) under Subdivision A of Division 2B of Part 5 (clauses 38B to 38H ). The result is the individual ' s maximum rate .


Step 2.

Apply the income test in Division 2C of Part 5 (clauses 38L to 38N ) to work out any reduction for adjusted taxable income. Take any reduction away from the individual ' s maximum rate: the result is the individual ' s income tested rate .


Step 3.

The individual ' s Part A rate is the individual ' s income tested rate.


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