A New Tax System (Family Assistance) Act 1999

Subdiv A heading inserted by No 61 of 2005, s 3 and Sch 1 items 6 and 8, applicable in respect of the 2005-2006 income year and later income years.

Sch 1 cl 29(1) amended by No 55 of 2016, s 3 and Sch 21 items 16 and 17, by substituting " Subject to clause 29AA, the individual ' s Part B rate " for " The individual ' s Part B rate " and inserting the note at the end, effective 20 March 2017.

Sch 1 cl 29(1) amended by No 122 of 2014, s 3 and Sch 1 item 155, by substituting " energy supplement " for " clean energy supplement " in para (c), effective 20 September 2014. For application and transitional provision, see note under Sch 1 cl 24HA .

Sch 1 cl 29(1) amended by No 141 of 2011, s 3 and Sch 2 item 21, by inserting para (c), applicable in relation to the 2013-14 income year and later income years.

Sch 1 cl 29(2) amended by No 55 of 2016, s 3 and Sch 21 item 18, by inserting the note at the end of step 1 of the method statement, effective 20 March 2017.

Sch 1 cl 29(2) amended by No 122 of 2014, s 3 and Sch 1 item 156, by substituting " energy supplement " for " clean energy supplement " in para (c) of step 1 of the method statement, effective 20 September 2014. For application and transitional provision, see note under Sch 1 cl 24HA .

Sch 1 cl 29(2) amended by No 141 of 2011, s 3 and Sch 2 items 22 to 24, by substituting " (clause 31A); " for " (clause 31A). " in para (b) of step 1 of the method statement, inserting para (c) in step 1 of the method statement and omitting " (taking away so much of the individual ' s standard rate, and then so much (if any) of the individual ' s FTB Part B supplement, as equals the reduction) " from step 3 of the method statement, applicable in relation to the 2013-14 income year and later income years.

Cl 29(2) amended by No 61 of 2005, s 3 and Sch 1 item 7, by inserting the note at the end, applicable in respect of the 2005-2006 income year and later income years.

Cl 29(2) amended by No 61 of 2005, s 3 and Sch 3 item 4, by inserting " (taking away so much of the individual ' s standard rate, and then so much (if any) of the individual ' s FTB Part B supplement, as equals the reduction) " at the end of step 3 of the method statement, effective 1 January 2005.

Sch 1 cl 29(2A) inserted by No 141 of 2011, s 3 and Sch 2 item 25, applicable in relation to the 2013-14 income year and later income years.

Cl 29(3) substituted by No 50 of 2011, s 3 and Sch 2 item 8, applicable in relation to working out the rate of family tax benefit for days on or after 1 January 2012. Cl 29(3) formerly read:

(3)
In applying this Part to an individual, disregard an FTB child who has turned 16 years of age unless the FTB child is a senior secondary school child. If disregarding the FTB child means that neither item 1 nor item 2 in the table in clause 30 applies to the individual, the individual ' s Part B rate is nil.

(3)
In applying this Part to an individual, disregard an FTB child who has turned 16 years of age unless:

(a) the child is undertaking full-time study or is studying overseas full-time; and

(b) the calendar year in which the child turned 18 has not ended.

If disregarding the child means that neither item 1 nor item 2 in the table in clause 30 applies to the individual, the individual ' s Part B rate is nil.

Cl 29(3) amended by No 34 of 2011, s 3 and Sch 5 item 13, by inserting " or is studying overseas full-time " in para (a), applicable in relation to working out an individual ' s or approved care organisation ' s entitlement (if any) to family tax benefit in respect of days occurring on or after 26 May 2011.

Cl 29 amended by 29 of 2005, s 3 and Sch 1 items 1 and 2, by substituting clause 29(1) and (2) and substituting " Part B rate " for " standard rate " in clause 29(3), applicable in relation to FTB Part B supplement included, on or after 1 January 2005, in family tax benefit for the 2004-2005 income year or a later income year. Sch 1 cl 29(1) and (2) formerly read:

(1)
The individual ' s Part B rate is the individual ' s standard rate worked out using Division 2 (clauses 30 and 31) if the individual is not a member of a couple.

(2)
The individual ' s Part B rate is worked out using the following method statement if the individual is a member of a couple:

Method statement

Step 1. Work out the individual ' s standard rate using Division 2 (clauses 30 and 31).

Step 2. Work out the individual ' s reduction for adjusted taxable income using Division 3 (clauses 32 and 33).

Step 3. The individual ' s Part B rate is the standard rate less the reduction for adjusted taxable income.