Family Assistance and Other Legislation Amendment Act 2013 (70 of 2013)

Schedule 2A   Replacement of baby bonus from 1 March 2014

Part 1   Newborn supplement for Part A rate of family tax benefit

A New Tax System (Family Assistance) Act 1999

2   After section 58

Insert:

58AA Newborn upfront payment of family tax benefit if newborn supplement added into Part A rate

(1) If, under Division 1A of Part 5 of Schedule 1, an amount of newborn supplement is added in relation to an individual and an FTB child of the individual, then the individual is entitled to be paid, as an amount of family tax benefit, $500 in respect of the FTB child.

Note: The amount is to be paid as a single lump sum: see section 24A of the Family Assistance Administration Act.

Exceptions

(2) Subsection (1) does not apply in relation to an individual and an FTB child of the individual if another individual has received an amount under this section in respect of that child while the individual and the other individual were members of the same couple.

(3) Subsection (1) does not apply in relation to an individual and an FTB child of the individual in the circumstances prescribed in a legislative instrument under subclause 35A(12) of Schedule 1.

One amount only in respect of FTB child

(4) An individual cannot receive more than one amount under this section in respect of an FTB child of the individual.