A New Tax System (Family Assistance) Act 1999

PART 4 - RATE OF FAMILY ASSISTANCE (OTHER THAN CHILD CARE SUBSIDY AND ADDITIONAL CHILD CARE SUBSIDY)  

Division 1 - Family tax benefit  

SECTION 58AA   Newborn upfront payment of family tax benefit if newborn supplement added into Part A rate  

58AA(1)  
If, under Division 1A of Part 5 of Schedule 1 , an amount of newborn supplement is added in relation to an individual and an FTB child of the individual, then the individual is entitled to be paid, as an amount of family tax benefit, $500 in respect of the FTB child.

Note:

The amount is to be paid as a single lump sum: see section 24A of the Family Assistance Administration Act.

58AA(1A)  


If:


(a) under Division 1A of Part 5 of Schedule 1Division 1A of Part 5 of Schedule 1 an amount of newborn supplement is added for a day in relation to both members of a couple and an FTB child of both members of the couple; and


(b) in relation to that day, a determination under section 28 or 29 is in force in relation to both members of the couple and that child; and


(c) that day is the first day on which an amount of newborn supplement is added in relation to that child;

then, despite subsection (1) of this section, each member of the couple is entitled to be paid, as an amount of family tax benefit in respect of that child, an amount equal to $500 multiplied by the percentage applicable under that determination for that member on that day.

Note:

The amount is to be paid as a single lump sum: see section 24A of the Family Assistance Administration Act.

Exceptions

58AA(2)  


Subject to subsection (1A), subsection (1) does not apply in relation to an individual and an FTB child of the individual if another individual has received an amount under this section in respect of that child while the individual and the other individual were members of the same couple.

58AA(3)  
Subsection (1) does not apply in relation to an individual and an FTB child of the individual in the circumstances prescribed in a legislative instrument under subclause 35A(12) of Schedule 1 . One amount only in respect of FTB child

58AA(4)  
An individual cannot receive more than one amount under this section in respect of an FTB child of the individual. Interpretation

58AA(5)  


This section is subject to sections 28AA and 32AEA of the Family Assistance Administration Act.

 

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