A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 1 - Family Tax Benefit Rate Calculator  

Note: See subsection 58(1) .

Part 4 - Part B rate  

Division 1 - Overall rate calculation process  

Subdivision AA - When Part B rate is nil  

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History

Subdiv AA inserted by No 63 of 2008, s 3 and Sch 1 item 2, applicable in relation to the 2008-09 income year and later income years.

28B   Adjusted taxable income exceeding $100,000  

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(1)    
Despite Subdivisions A and B, an individual ' s Part B rate is nil if the individual ' s adjusted taxable income is more than $100,000.

Note:

If the individual is a member of a couple, the individual ' s adjusted taxable income is the higher of the individual ' s adjusted taxable income and the adjusted taxable income of the individual ' s partner: see clause 3 of Schedule 3 .

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Sch 1 cl 28B(1) amended by No 122 of 2014, s 3 and Sch 9 item 4, by substituting " $100,000 " for " $150,000 " , applicable in relation to working out the rate of family tax benefit for days on or after 1 July 2015.

(2)    

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However, subclause (1) does not apply while the individual, or the individual ' s partner, is receiving a social security pension, a social security benefit, a service pension, income support supplement or a veteran payment.

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Sch 1 cl 28B(2) amended by No 17 of 2018, s 3 and Sch 2 item 29, by substituting " , income support supplement or a veteran payment " for " or income support supplement " , effective 1 May 2018.

Sch 1 cl 28B inserted by No 63 of 2008, s 3 and Sch 1 item 2, applicable in relation to the 2008-09 income year and later income years.

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