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 threshold 85%
2 above the lower income threshold and below the second income threshold see subclause (2)
3 equal to or above the second income threshold and below the third income threshold 50%
4 equal to or above the third income threshold and below the fourth income threshold see subclause (3)
5 equal to or above the fourth income threshold and below the upper income threshold 20%
6 equal to or above the upper income 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:
Sch 1 cl 3_2

(3)  
If table item 4 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:

Sch 1 cl 3_3

(4)  
In this Act:

lower income threshold
means $65,710.

Note:

This amount is indexed under Schedule 4 .

second income threshold
means the lower income threshold plus $105,000.

third income threshold
means the lower income threshold plus $184,290.

fourth income threshold
means the lower income threshold plus $274,290.

upper income threshold
means the lower income threshold plus $284,290.




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