A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 1 - Family Tax Benefit Rate Calculator  

Note: See subsection 58(1) .

Part 2 - Part A rate (Method 1)  

Division 5 - Maintenance income test  

Subdivision A - Maintenance income test  

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History

Subdivision A heading inserted by No 82 of 2006, s 3 and Sch 5 item 3, effective 1 July 2006.

20C   Working out amounts of child maintenance in relation to lump sum payments  

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(1)    

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This clause applies if an individual receives in an income year child maintenance for an FTB child of the individual under:

(a) a child support agreement, containing lump sum payment provisions (within the meaning of paragraph 84(1)(e) of the Child Support (Assessment) Act 1989 ), to which clause 20B does not apply; or

(b) a court order made under section 123A of that Act; in the form of a lump sum payment that is to be credited under section 69A of the Child Support (Registration and Collection) Act 1988 against the amount payable under a liability under an administrative assessment.

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History

Sch 1 cl 20C(1) amended by No 82 of 2007, s 3 and Sch 1 item 102, by inserting " the amount payable under " after " 1988 against " , effective 1 July 2008.

(2)    

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For the purposes of this Act, the amount of child maintenance that the individual is taken to have received in an income year under the agreement or order for the child for a period is the amount that is credited under section 69A of the Child Support (Registration an Collection) Act 1988 against the amount payable under the liability under the administrative assessment for the child for the period.

Note:

The amount worked out under this clause is annualised under clause 20A.

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History

Sch 1 cl 20C(2) amended by No 82 of 2007, s 3 and Sch 1 item 102, by inserting " the amount payable under " after " 1988 against " , effective 1 July 2008.

Sch 1 cl 20C inserted by No 146 of 2006, s 3 and Sch 5 item 63, effective 1 July 2008.

(3)    

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Subclause (2) does not apply in relation to the individual and the child for a period if subclause 20B(2) , (3) or (4) or 20D(2) has applied in relation to the individual and the child for that period.

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History

Sch 1 cl 20C(3) amended by No 98 of 2012, s 3 and Sch 4 item 6, by inserting " or 20D(2) " , applicable in relation to working out an individual ' s Part A rate of family tax benefit for a day that occurs on or after 1 July 2012.

Sch 1 cl 20C(3) inserted by No 63 of 2008, s 3 and Sch 6 item 8, effective 1 July 2008.

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