Family Assistance Legislation Amendment (Cheaper Child Care) Act 2022 (66 of 2022)
Schedule 1 Child care subsidy rates
Part 1 Main amendments
A New Tax System (Family Assistance) Act 1999
11 Subclause 3(1) of Schedule 2 (table)
Repeal the table, substitute:
|
Applicable percentage |
||
|---|---|---|
|
Item |
If the individual's adjusted taxable income for the income year in which the CCS fortnight starts is: |
Then the applicable percentage for the individual is: |
|
1 |
equal to or below the lower income (base rate) threshold |
90% |
|
2 |
above the lower income (base rate) threshold and below the upper income (base rate) threshold |
see subclause (2) |
|
3 |
equal to or above the upper income (base rate) threshold |
0% |
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