Family and Community Services Legislation Amendment (Family Assistance and Related Measures) Act 2005 (61 of 2005)

Schedule 1   Method of calculating Part B rate for those who return to paid work after the birth of a child etc.

A New Tax System (Family Assistance) Act 1999

2   Subsection 3(1)

Insert:

passive employment income of an individual, in respect of a period, means:

(a) income that is earned by the individual in respect of the period as a result of the individual being on paid leave for the period; or

(b) a payment of compensation, or a payment under an insurance scheme, in respect of the individual's inability to earn, derive or receive income from paid work during the period; or

(c) if the individual stops paid work as a self-employed individual - income that is derived by the individual in respect of the period from an interest, or from investments, held in connection with the individual's previous self-employment.