Budget Savings (Omnibus) Act 2016 (55 of 2016)

Schedule 21A   Income limit for FTB Part A supplement

A New Tax System (Family Assistance) Act 1999

1   Before subclause 38A(1) of Schedule 1

Insert:

(1A) Despite any other provision of this clause, the amount of the FTB Part A supplement to be added in working out an individual's maximum rate under clause 3, or an individual's Method 2 base rate under clause 25, is nil if the individual's adjusted taxable income is more than $80,000.

Note: If the individual is a member of a couple, the individual's adjusted taxable income includes the adjusted taxable income of the individual's partner: see clause 3 of Schedule 3.