A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 1 - Family Tax Benefit Rate Calculator  

Part 5 - Common provisions  

Division 2A - FTB Part A supplement  

38A   Rate of FTB Part A supplement  

(1)    
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:

(a) if the individual has one FTB child - the applicable supplement amount for that child; or

(b) if the individual has 2 or more FTB children - the sum of the applicable supplement amounts for each of those children.

(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 .

(2)    
For the purposes of subclause (1), the applicable supplement amount for an FTB child of the individual is:

(a) if the individual has a shared care percentage for the FTB child - the individual ' s shared care percentage of the FTB gross supplement amount; or

(b) in any other case - the FTB gross supplement amount.

(3)    
For the purposes of subclause (2), the FTB gross supplement amount is $600.

(4)    
To avoid doubt, when the FTB gross supplement amount is indexed on a 1 July under Part 2 of Schedule 4, the amount, as it stood before that indexation, continues to apply in working out an individual ' s maximum rate under clause 3 , or an individual ' s Method 2 base rate under clause 25 , for the income year ending just before that 1 July.