A New Tax System (Family Assistance) Act 1999
Schedules
Schedule 1 - Family Tax Benefit Rate CalculatorNote: See subsection 58(1) .
View history note
Hide history noteThis clause applies if:
(a) under clause 5 or 25A , the individual ' s Part A rate is to be reduced to repay more than one family tax benefit advance (the unrepaid advances ); and
(b) the sum of the amounts by which the individual ' s Part A rate would be reduced under clause 5 or 25A to repay the unrepaid advances would exceed the amount of the individual ' s Part A rate before reduction (the unreduced Part A rate ), if the amounts were worked out under clause 40 .
(2)
Subject to clause 45 , the amount by which the individual ' s Part A rate is to be reduced under clause 5 or 25A to repay the unrepaid advances is worked out using the following method statement: Method statement
Step 1.
Take each advance, in the order in which the advances were paid.
Step 2.
If the unreduced Part A rate, less any amounts by which the individual ' s Part A rate has been reduced under a previous application of this step, equals or exceeds the standard reduction for the advance, the individual ' s Part A rate is to be reduced by an amount equal to the standard reduction.
Step 3.
If the unreduced Part A rate, less any amounts by which the individual ' s Part A rate has been reduced under a previous application of step 2, does not equal or exceed the standard reduction for the advance (but is greater than nil), the Secretary must determine that the number of days in the repayment period for the advance is to be increased so that the individual ' s Part A rate is reduced by an amount that is no more than the remainder.
Step 4.
If the unreduced Part A rate, less any amounts by which the individual ' s Part A rate has been reduced under a previous application of step 2 or step 3, is nil, the Secretary must determine that the repayment period for the advance is to be suspended while the determination is in force.
(3)
The Secretary may vary a determination made under step 3 of the method statement in subclause (2).
(4)
The Secretary may revoke a determination made under step 4 of the method statement in subclause (2).
(5)
Subject to clause 45 , if the Secretary revokes a determination made under step 4 of the method statement in subclause (2) in relation to a family tax benefit advance, the Secretary must determine the number of days remaining in the repayment period for the advance.
(6)
The Secretary must not vary a determination under subclause (3), or make a determination under subclause (5), in relation to a family tax benefit advance so that the amount by which the individual ' s Part A rate is to be reduced under clause 5 or 25A to repay the advance is more than the standard reduction.
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