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 C - Maintenance income ceiling for Method 1  

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History

Subdiv C inserted by No 146 of 2006, s 3 and Sch 8 item 155, applicable to the 2008-09 income year and later income years.

24J  

24J   How to work out an individual ' s RA (rent assistance) amount  
This is how to work out the individual ' s RA amount for the maintenance income: Method statement

Step 1.

Work out the individual ' s rent assistance (if any) under Subdivision A of Division 2B of Part 5 .

Step 2.

Work out the amount that would be the individual ' s rent assistance (if any) under that Subdivision if rent assistance were paid for only those children in respect of whom neither the individual, nor the individual ' s partner, is entitled to apply for maintenance income.

Step 3.

If the individual, and the individual ' s partner, between them are entitled to apply for maintenance income from only one maintenance payer, the difference between the amount worked out under step 1 and the amount worked out under step 2 is the individual ' s RA amount for the maintenance income.

Step 4.

If the individual, and the individual ' s partner, between them are entitled to apply for maintenance income from more than one maintenance payer, the individual ' s RA amount for maintenance income received from a particular maintenance payer is worked out using the formula:

Amount worked out under step 3 Total number of FTB children in respect of whom either the individual, or the individual ' s partner, is entitled to apply for maintenance income

×

Number of FTB children in respect of whom the individual, or the individual ' s partner, is entitled to apply for maintenance income from that maintenance payer

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History

Sch 1 cl 24J inserted by No 146 of 2006, s 3 and Sch 8 item 155, applicable to the 2008-09 income year and later income years.

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