A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 1 - Family Tax Benefit Rate Calculator  

Part 4 - Part B rate  

Division 2 - Standard rate  

30   30   Standard rate  
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.


Standard rates
(Part B)
Column 1
Family situation
Column 2
Standard rate
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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