A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 1 - Family Tax Benefit Rate Calculator  

Note: See subsection 58(1) .

Part 5 - Common provisions  

Division 4 - Reduction for family tax benefit advance  

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History

Div 4 inserted by No 53 of 2011, s 3 and Sch 1 item 8, applicable to family tax benefit advances requested on or after 1 July 2011. For transitional provision, see note under Sch 1 cl 5 .

48   Changing the repayment period - recalculation of amount of unrepaid family tax benefit advance  

(1)    
This clause applies if, during the repayment period for a family tax benefit advance, the amount of the family tax benefit advance that is unrepaid is increased, due to a variation in a determination, or a variation or substitution of a decision on review (other than a variation under subsection 28(2) or (6) of the Family Assistance Administration Act), so that the amount by which the individual ' s Part A rate is to be reduced under clause 5 or 25A is an amount that is more than the standard reduction.

(2)    
The Secretary must determine that the number of days in a repayment period is to be increased so that the amount by which the individual ' s Part A rate is to be reduced under clause 5 or 25A is an amount that is no more than the standard reduction.

Note:

The individual may also request that the Secretary determine a shorter or longer repayment period under clause 46 or 47 .

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History

Sch 1 cl 48 inserted by No 53 of 2011, s 3 and Sch 1 item 8, applicable to family tax benefit advances requested on or after 1 July 2011. For transitional provision, see note under Sch 1 cl 5 .

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