Clean Energy (Household Assistance Amendments) Act 2011 (141 of 2011)

Schedule 2   Clean energy payments under the family assistance law

Part 2   Clean energy supplement for individuals

A New Tax System (Family Assistance) Act 1999

27   After Division 2A of Part 4 of Schedule 1

Insert:

Division 2B - Clean energy supplement (Part B)

31B Clean energy supplement (Part B)

(1) The amount of the clean energy supplement (Part B) to be added in working out an individual's Part B rate under clause 29 or 29A is worked out using the following table. Work out which family situation applies to the individual. Subject to clause 31C, the clean energy supplement (Part B) is the amount worked out under subclause (2).

(2) For the purposes of subclause (1), the clean energy supplement (Part B) , in relation to an item in the table in subclause (1), is worked out as follows:

Method statement

Step 1. Work out the amount applicable on 1 July 2013 under the corresponding item of the table in clause 30.

Step 2. Work out the FTB (B) gross supplement amount on 1 July 2013 under subclause 31A(2).

Step 3. Work out the sum of the amounts at steps 1 and 2.

Step 4. Multiply the amount at step 3 by 0.017.

Step 5. Round the amount at step 4 to the nearest multiple of $3.65 (rounding up if necessary): the result is the clean energy supplement (Part B) .

(3) This clause does not apply in relation to a day if an election made by the individual under subsection 58A(1) is in force on that day.

Note: If that election is in force on one or more days in a quarter, then after the end of the quarter the Secretary must review the instalment determination taking into account this Division: see section 105B of the Family Assistance Administration Act.

31C Sharing family tax benefit (shared care percentages)

(1) If:

(a) an individual has a shared care percentage for an FTB child of the individual; and

(b) the child is the individual's only FTB child;

the individual's clean energy supplement (Part B) is the individual's shared care percentage of the clean energy supplement (Part B) that would otherwise apply.

(2) If:

(a) an individual has a shared care percentage for an FTB child of the individual; and

(b) the child is not the individual's only FTB child;

the individual's clean energy supplement (Part B) is to be worked out as follows:

(c) for each of the individual's FTB children for whom the individual does not have a shared care percentage, work out the amount that would be the individual's clean energy supplement (Part B) under clause 31B if that child were the individual's only FTB child;

(d) for each of the individual's FTB children for whom the individual has a shared care percentage, work out the amount that would be the individual's clean energy supplement (Part B) under clause 31B if:

(i) that child were the individual's only FTB child; and

(ii) subclause (1) of this clause applied to the child;

(e) the individual's clean energy supplement (Part B) is the highest of the amounts obtained under paragraphs (c) and (d).