A New Tax System (Family Assistance) Act 1999
SchedulesSchedule 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 ).
|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%|
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:
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:
In this Act:
This amount is indexed under Schedule 4 .