Social Services and Other Legislation Amendment (Promoting Sustainable Welfare) Act 2018 (168 of 2018)

Schedule 5   Other amendments

Part 1   Higher income free area and indexation

A New Tax System (Family Assistance) Act 1999

2   Subclause 3(7) of Schedule 4

Repeal the subclause, substitute:

Indexation rules for certain income limits for certain years

(7) The FTB basic HIFA (A) is not to be indexed on 1 July 2019 and 1 July 2020.

(7A) For the purposes of working out the indexed amount for the FTB basic HIFA (A) on 1 July 2021, the current figure for the FTB basic HIFA (A) immediately before that day is taken to be $98,988.

(7B) The FTB income limit (B) is not to be indexed on 1 July 2019 and 1 July 2020.