Child Support Legislation Amendment (Reform of the Child Support Scheme - New Formula and Other Measures) Act 2006 (146 of 2006)

Schedule 8   Amendments relating to family tax benefit (commencing on 1 July 2008)

Part 1   Regular care children

Division 1   Amendments

A New Tax System (Family Assistance) Act 1999

80   Clause 31 of Schedule 1

Repeal the clause, substitute:

31 Sharing family tax benefit (shared care percentages)

(1) If:

(a) an individual has a shared care percentage for an FTB child of the individual; and

(b) the child is the individual's only FTB child;

the individual's standard rate is the individual's shared care percentage of the standard rate that would otherwise apply.

(2) If:

(a) an individual has a shared care percentage for an FTB child of the individual; and

(b) the child is not the individual's only FTB child;

the individual's standard rate is to be worked out as follows:

(c) for each of the individual's FTB children for whom the individual does not have a shared care percentage, work out the rate that would be the individual's standard rate under clause 30 if that child were the individual's only FTB child;

(d) for each of the individual's FTB children for whom the individual has a shared care percentage, work out the rate that would be the individual's standard rate under clause 30 if:

(i) that child were the individual's only FTB child; and

(ii) subclause (1) of this clause applied to the child;

(e) the individual's standard rate is the highest of the rates obtained under paragraphs (c) and (d).