Schedules
Schedule 1
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Family Tax Benefit Rate Calculator
Note: See subsection
58(1)
.
Part 4
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Part B rate
Division 2A
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FTB Part B supplement
History
Sch 1 Div 2A inserted by No 29 of 2005, s 3 and Sch 1 item 3, effective 1 January 2005.
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
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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
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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.
History
Sch 1 cl 31A(1) substituted by No 146 of 2006, s 3 and Sch 8 item 81, effective 1 July 2008. Clause 31A(1) formerly read:
(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 that child, or at least one of those children, is not covered by a determination under subsection 59(1)
-
the FTB (B) gross supplement amount; or
(b)
if the individual has only one FTB child and the Secretary has determined under subsection 59(1) the percentage that is to be the individual
'
s percentage of family tax benefit for that child
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that percentage of the FTB (B) gross supplement amount; or
(c)
if the individual has more than one FTB child and the Secretary has determined under subsection 59(1) a percentage for each of those children that is to be the individual
'
s percentage of family tax benefit for each of those children
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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.
History
Sch 1 cl 31A(1) amended by No 61 of 2005, s 3 and Sch 1 item 9, by inserting
"
or 29A
"
after
"
clause 29
"
, applicable in respect of the 2005-2006 income year and later income years.
Sch 1 cl 31A inserted by No 29 of 2005, s 3 and Sch 1 item 3, applicable in relation to FTB Part B supplement included, on or after 1 January 2005, in family tax benefit for the 2004-2005 income year or a later income year.