A New Tax System (Family Assistance) Act 1999
SchedulesSchedule 1 - Family Tax Benefit Rate Calculator
Note: See subsection 58(1) .
Subject to the operation of clauses 38J and 38K , if the individual ' s Part A rate is to be calculated using this Part, it is calculated as follows: Method statement
Work out the individual ' s rent assistance (if any) under Subdivision A of Division 2B of Part 5 (clauses 38B to 38H ). The result is the individual ' s maximum rate .
Apply the income test in Division 2C of Part 5 (clauses 38L to 38N ) to work out any reduction for adjusted taxable income. Take any reduction away from the individual ' s maximum rate: the result is the individual ' s income tested rate .
The individual ' s Part A rate is the individual ' s income tested rate.