Clean Energy (Household Assistance Amendments) Act 2011 (141 of 2011)

Schedule 2 Clean energy payments under the family assistance law

Repeal the subsection, substitute:

Annual rate of family tax benefit to approved care organisation

(2) An approved care organisation's annual rate of family tax benefit for an individual is the sum of:

(a) the organisation's standard rate under subsection (2A); and

(b) the organisation's clean energy supplement under subsection (2B).

(2A) An approved care organisation's standard rate for an individual is $1,372.40.

(2B) An approved care organisation's clean energy supplement for an individual is worked out as follows:

Method statement

Step 1. Work out the amount applicable under subsection (2A) on 1 July 2013.

Step 2. Multiply the amount at step 1 by 0.017.

Step 3. Round the amount at step 2 to the nearest multiple of $3.65 (rounding up if necessary): the result is the clean energy supplement .