Families, Community Services and Indigenous Affairs and Other Legislation (2006 Budget and Other Measures) Act 2006 (82 of 2006)

Schedule 5   Maintenance income credit balances

Part 1   Amendments

A New Tax System (Family Assistance) Act 1999

6   Clause 20 of Schedule 1 (method statement, at the end of step 1)

Add:

(c) disregard any amount that, for the income year for which the individual's reduction for maintenance income is being worked out, is required under clause 24E to be depleted from a maintenance income credit balance of the individual and, if the individual is a member of a couple, from a maintenance income credit balance of the individual's partner.