A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 2 - Amounts of child care subsidy and additional child care subsidy  

Part 1 - Amount of child care subsidy  

3   Applicable percentage - basic case  

(1)    


An individual ' s applicable percentage for a session of care provided to a child in a CCS fortnight is determined by the following table (unless that percentage is determined in accordance with clause 3A ).


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%


(2)    


If table item 2 applies, work out the individual ' s applicable percentage for the session of care using the following formula and rounding the result to 2 decimal places:


(3)    
(Repealed by No 66 of 2022)


(4)    


In this Act:

lower income (base rate) threshold
means $80,000.

Note:

This amount is indexed annually in line with CPI increases (see Schedule 4 ). However, the amount will not be indexed in 2023 (see subclause 3(9) of Schedule 4 ).

upper income (base rate) threshold
means the lower income (base rate) threshold plus $450,000.





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