A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 1 - Family Tax Benefit Rate Calculator

Note: See subsection 58(1) .

Part 3 - Part A rate (Method 2)

Division 1 - Overall rate calculation process

25 Method of calculating Part A rate

Subject to the operation of clauses 25A , 25C and 25D , if the individual ' s Part A rate is to be calculated using this Part, it is calculated as follows: Method statement

Step 1.

Add the following amounts:

(a) the individual ' s standard rate under Division 2 of this Part (clauses 26 and 27 );

(b) (Repealed by No 17 of 2016)

(ba) the individual ' s newborn supplement (if any) under Division 1A of Part 5 (clauses 35A and 35B );

(d) the individual ' s FTB Part A supplement under Division 2A of Part 5 (clause 38A );

(e) the individual ' s energy supplement (Part A) under Subdivision B of Division 2AA of Part 5 (clause 38AF ).

The result is the individual ' s Method 2 base rate .

Note:

Paragraph (e) does not apply to certain individuals: see clause 25C .

Step 2.

Apply the income test in Division 3 of this Part (clause 28 ) to work out any reduction for adjusted taxable income. Take any reduction away from the individual ' s Method 2 base rate: the result is the individual ' s provisional Part A rate .

Step 3.

Work out the rate that would be the individual ' s income and maintenance tested rate under step 3 of the method statement in clause 3 if the individual ' s Part A rate were to be calculated using Part 2 (but disregarding clause 24G ): the result is the individual ' s Method 2 income and maintenance tested rate .

Note:

Clause 25D modifies the application of this step.

Step 4.

The individual ' s Part A rate is:

(a) the individual ' s provisional Part A rate if it is equal to or greater than the individual ' s Method 2 income and maintenance tested rate; or

(b) the individual ' s Method 2 income and maintenance tested rate if it is greater than the individual ' s provisional Part A rate.

View history note

History

Sch 1 cl 25 amended by No 168 of 2018, s 3 and Sch 5 items 8 and 9, by substituting " , 25C and 25D " for " and 25C " and inserting the note at the end of step 3 of the method statement, applicable in relation to working out the Part A rate of family tax benefit for days on or after 1 July 2019.

Sch 1 cl 25 amended by No 55 of 2016, s 3 and Sch 21 items 13 and 14, by substituting " operation of clauses 25A and 25C " for " operation of clause 25A " and inserting the note at the end of step 1 of the method statement, effective 20 March 2017.

Sch 1 cl 25 amended by No 17 of 2016, s 3 and Sch 2 item 4, by repealing para (b) in step 2 of the method statement, applicable in relation to working out the rate of family tax benefit for days on or after 1 July 2016. Para (b) in step 2 of the method statement formerly read:

(b) the individual ' s large family supplement (if any) under Division 1 of Part 5 (clauses 34 and 35);

Sch 1 cl 25 amended by No 122 of 2014, s 3 and Sch 1 item 154, by substituting " energy supplement " for " clean energy supplement " in para (e) in step 1 of the method statement, effective 20 September 2014. For application and transitional provision, see note under Sch 1 cl 24HA .

Sch 1 cl 25 amended by No 70 of 2013, s 3 and Sch 2A item 5, by inserting para (ba) after para (b) in step 1 of the method statement, effective 1 March 2014. For application and transitional provisions, see note under Sch 1 Pt 5 Div 1A .

Sch 1 cl 25 amended by No 141 of 2011, s 3 and Sch 2 items 18 and 19, by substituting " (clause 38A); " for " (clause 38A). " in para (d) in step 1 of the method statement and inserting para (e) in step 1 of the method statement, applicable in relation to the 2013-14 income year and later income years.

Sch 1 cl 25 amended by No 53 of 2011, s 3 and Sch 5 items 10 to 12, by substituting " Method 2 base rate " for " maximum rate " in step 1 of the method statement, substituting " Method 2 base rate " for " maximum rate " in step 2 of the method statement, and substituting steps 3 and 4 for step 3 of the method statement, effective 1 July 2011. Step 3 of the method statement formerly read:

Step 3. The individual ' s Part A rate is:

(a) the individual ' s provisional Part A rate if that rate is equal to or greater than the rate that would be the individual ' s income and maintenance tested rate under step 3 of the method statement in clause 3 if the individual ' s Part A rate were to be calculated using Part 2 (but disregarding clause 24G); or

(b) the rate that would the individual ' s income and maintenance tested rate as so calculated if it is greater than the individual ' s provisional Part A rate.

Sch 1 cl 25 amended by No 146 of 2006, s 3 and Sch 8 item 156, by inserting " (but disregarding clause 24G) " after " Part 2 " in para (a) of step 3 of the method statement, applicable to the 2008-09 income year and later income years.

Sch 1 cl 25 amended by No 59 of 2004, s 3 and Sch 1 item 2, by inserting para (d) after para (c) of step 1 of the method statement, applicable in relation to family tax benefit for the 2003-2004 income year or a later income year.

Sch 1 cl 25 amended by No 45 of 2000, s 3 and Sch 1 items 39 and 40, by substituting " Subject to the operation of clause 25A, if " for " If " and substituting steps 2 and 3 for step 2. For transitional provisions see note under s 22A. Step 2 formerly read:

Step 2. Apply the income test in Division 3 of this Part (clause 28) to work out any reduction for adjusted taxable income. Take any reduction away from the individual ' s maximum rate: the result is the individual ' s Part A rate .

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