Family Assistance and Other Legislation Amendment (Schoolkids Bonus Budget Measures) Act 2012 (50 of 2012)

Schedule 2   Schoolkids bonus

Part 1   Main amendments

A New Tax System (Family Assistance) Act 1999

4   Subsection 3(1)

Insert:

previous education period :

(a) for a bonus test day that is a 1 January - means the period beginning on the previous 1 July and ending on the day before the bonus test day; and

(b) for a bonus test day that is a 30 June - means the period beginning on the previous 1 January and ending on the bonus test day.