A New Tax System (Family Assistance) Act 1999
View history note
Hide history noteAn individual ' s rate of single income family supplement is worked out in accordance with this section.
84G(2)
For the purposes of this section:
(a) the main income earner is:
(i) if the individual is not a member of a couple - the individual; or
(ii) if the individual is a member of a couple - the member of the couple whose taxable income for the income year is the highest (or the individual if those taxable incomes are equal); and
(b) if the individual is a member of a couple - the low income earner is the member of the couple whose taxable income for the income year is the lowest (or the individual ' s partner if those taxable incomes are equal).
Annual rate
84G(3)
An individual ' s annual rate of single income family supplement is nil if the main income earner ' s taxable income for the income year (rounded down to the nearest dollar) is:
(a) $68,000 or less; or
(b) $150,000 or more.
84G(4)
An individual ' s annual rate of single income family supplement is worked out as follows if the main income earner ' s taxable income for the income year (rounded down to the nearest dollar) is more than $68,000 and less than $150,000: Method statement
Step 1.
Work out the main income earner ' s taxable income (rounded down to the nearest dollar).
Step 2.
Reduce the amount at step 1 by $68,000.
Step 3.
Multiply the amount worked out at step 2 by 0.025.
Step 4.
If the amount at step 3 is less than or equal to $300, the provisional component is the amount at step 3.
Step 5.
If the amount at step 3 is more than $300, the provisional component is:
Step 6.
If the individual is not a member of a couple - the individual ' s annual rate of single income family supplement is the provisional component.
Step 7.
If the individual is a member of a couple - the individual ' s annual rate of single income family supplement is the provisional component less any reduction under step 8.
Step 8.
If the low income earner ' s taxable income for the income year (rounded down to the nearest dollar) exceeds $16,000, the provisional component is reduced (but not below nil) by $0.15 for each dollar of the excess.
Daily rate
84G(5)
The daily rate of single income family supplement is the annual rate divided by 365 and rounded up to the nearest cent.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
