A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 1 - Family Tax Benefit Rate Calculator  

Note: See subsection 58(1) .

Part 2 - Part A rate (Method 1)  

Division 5 - Maintenance income test  

Subdivision C - Maintenance income ceiling for Method 1  

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History

Subdiv C inserted by No 146 of 2006, s 3 and Sch 8 item 155, applicable to the 2008-09 income year and later income years.

24G  

24G   Overall method for working out maintenance income ceiling for Method 1  
For the purposes of paragraph (d) of step 1 of the method statement in clause 20 , this is how to work out an individual ' s maintenance income ceiling for maintenance income received by the individual, or the individual ' s partner, from another individual (the maintenance payer ) if the individual ' s Part A rate is worked out using this Part (Method 1): Method statement

Step 1.

Work out the individual ' s above base standard amount for the maintenance income using clause 24H .

Step 1A.

Work out the individual ' s above base energy supplement amount for the maintenance income using clause 24HA .

Step 2.

Work out the individual ' s RA amount for the maintenance income using clause 24J .

Step 3.

Work out the individual ' s MIFA amount for the maintenance income using clause 24K .

Step 4.

Work out the individual ' s maintenance income ceiling for the maintenance income using clause 24L .

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History

Sch 1 cl 24G amended by No 122 of 2014, s 3 and Sch 1 item 145, by substituting " above base energy supplement amount " for " above base clean energy supplement amount " in step 1A of the method statement, effective 20 September 2014. For application and transitional provision, see note under Sch 1 cl 24HA .

Sch 1 cl 24G amended by No 49 of 2012, s 3 and Sch 6 item 20, by inserting step 1A in the method statement, applicable in relation to the 2013-14 income year and later income years.

Sch 1 cl 24G inserted by No 146 of 2006, s 3 and Sch 8 item 155, applicable to the 2008-09 income year and later income years.

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