A New Tax System (Family Assistance) Act 1999
Schedules
Schedule 1 - Family Tax Benefit Rate CalculatorNote: See subsection 58(1) .
Subject to clause 31 , an individual ' s standard rate is worked out using the following table. Work out which family situation applies to the individual. The standard rate is the corresponding amount in column 2.
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Standard rates
(Part B) |
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Column 1
Family situation |
Column 2
Standard rate |
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| 1 | youngest FTB child is under 5 years of age | $2,569.60 |
| 2 | youngest FTB child is 5 years of age or over | $1,781.20 |
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