Families, Housing, Community Services and Indigenous Affairs and Other Legislation Amendment (Budget and Other Measures) Act 2011 (34 of 2011)
Schedule 5 Family tax benefit
A New Tax System (Family Assistance) Act 1999
8 Subsection 22A(1) (paragraph (a) of the cell at table item 1, column headed "then the individual cannot be an FTB child of the adult if:")
Repeal the paragraph, substitute:
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(a) none of the following subparagraphs applies: (i) the individual is undertaking full-time study; (ii) the individual is studying overseas full-time; (iii) the individual is undertaking primary education; and the individual has adjusted taxable income, for the income year in which the particular time occurs, that equals or exceeds the cut-out amount (see subsection (2)); or |