Families, Housing, Community Services and Indigenous Affairs and Other Legislation Amendment (2008 Budget and Other Measures) Act 2008 (63 of 2008)

Schedule 2   Baby bonus

Part 1   Income limit for baby bonus

A New Tax System (Family Assistance) Act 1999

11   At the end of section 36

Add:

Estimate of adjusted taxable income

(6) For the purposes of paragraph (2)(d), (3)(e), (4)(c) or (5)(d):

(a) a reference in Schedule 3 to an income year is taken to be a reference to the 6 month period mentioned in that paragraph; and

(b) disregard subclause 2(2) and clauses 3 and 3A of that Schedule.