Family Assistance Legislation Amendment (More Help for Families - Increased Payments) Act 2004 (59 of 2004)

Schedule 1   Amendments relating to FTB Part A supplement

Part 1   Amendments

A New Tax System (Family Assistance) Act 1999

3   After Division 2 of Part 5 of Schedule 1

Insert:

Division 2A - FTB Part A supplement

38A Rate of FTB Part A supplement

(1) The amount of the FTB Part A supplement to be added in working out an individual's maximum rate under clause 3 or 25 is:

(a) if the individual has one FTB child - the applicable supplement amount for that child; or

(b) if the individual has 2 or more FTB children - the sum of the applicable supplement amounts for each of those children.

(2) For the purposes of subclause (1), the applicable supplement amount for an FTB child of the individual is:

(a) if the Secretary has determined under subsection 59(1) the percentage (the specified percentage ) that is to be the individual's percentage of family tax benefit for the FTB child - the specified percentage of the FTB gross supplement amount; or

(b) in any other case - the FTB gross supplement amount.

(3) For the purposes of subclause (2), the FTB gross supplement amount is $600.

(4) To avoid doubt, when the FTB 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 maximum rate under clause 3 or 25 for the income year ending just before that 1 July.