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 noteRequest for suspension of repayment period
(1)
The Secretary may determine that the repayment period for a family tax benefit advance paid to an individual is to be suspended while the determination is in force.
(2)
However, the Secretary may only make a determination under subclause (1) if:
(a) the individual has made a request in accordance with subclause (3) for the repayment period to be suspended; and
(b) the Secretary is satisfied that:
(i) special circumstances relevant to the repayment of the advance exist in relation to the individual that could not reasonably have been foreseen at the time of the individual ' s request for a family tax benefit advance; and
(ii) the individual would suffer severe financial hardship if the individual ' s Part A rate were to be reduced for that period.
(3)
The request must be made in a form and manner, contain any information, and be accompanied by any documents, required by the Secretary.
Secretary may revoke the suspension
(4)
The Secretary may in writing, at any time, revoke the determination, but only if the Secretary is satisfied that the individual would not suffer severe financial hardship from the individual ' s Part A rate being reduced under clause 5 or 25A as a result of the revocation.
Determination of repayment period on revocation of suspension
(5)
If the Secretary revokes the determination, the Secretary must determine the number of days remaining in the repayment period 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 .
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.
