A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 1 - Family Tax Benefit Rate Calculator  

Part 4 - Part B rate  

Division 2A - FTB Part B supplement  

31A   Rate of FTB Part B supplement  

(1)    
The amount of the FTB Part B supplement to be added in working out an individual ' s Part B rate under clause 29 or 29A is:

(a) if the individual has one FTB child, or more than one FTB child, and the individual does not have a shared care percentage for that child, or for at least one of those children - the FTB (B) gross supplement amount; or

(b) if the individual has only one FTB child and the individual has a shared care percentage for the child - the shared care percentage of the FTB (B) gross supplement amount; or

(c) if the individual has more than one FTB child and the individual has a shared care percentage for each of those children - the highest of those percentages of the FTB (B) gross supplement amount.

(2)    
For the purposes of subclause (1), the FTB (B) gross supplement amount is $302.95.

(3)    
To avoid doubt, when the FTB (B) gross supplement amount is indexed on a 1 July under Part 2 of Schedule 4 , the amount, as it stood before that indexation, continues to apply in working out an individual ' s Part B rate under clause 29 or 29A for the income year ending just before that 1 July.