Families, Housing, Community Services and Indigenous Affairs and Other Legislation Amendment (Further Election Commitments and Other Measures) Act 2011 (53 of 2011)

Schedule 1   Family tax benefit advance

Part 1   Amendments

A New Tax System (Family Assistance) (Administration) Act 1999

12   Subsection 3(1)

Insert:

minimum amount , in relation to a family tax benefit advance that is paid to an individual, means:

(a) 3.75% of the FTB child rate for one FTB child who is under 13 years of age worked out under clause 7 of Schedule 1 to the Family Assistance Act (disregarding clauses 8 to 11 of that Schedule); or

(b) if a determination under section 28 of that Act that the individual is eligible for a percentage (the section 28 percentage ) of the family tax benefit for FTB children of the individual is in force - the section 28 percentage of the paragraph (a) amount; or

(c) if the amount that would be the minimum amount under paragraph (a) or (b) is not a number of whole cents - the amount rounded down to the nearest cent.