Child Support Legislation Amendment (Reform of the Child Support Scheme - New Formula and Other Measures) Act 2006 (146 of 2006)

Schedule 5   Amendments relating to child support agreements and court orders (commencing on 1 July 2008)

Part 1   Main amendments

Division 2   Lump sum payments

A New Tax System (Family Assistance) Act 1999

30   Subparagraphs 8(5)(b)(i) and (ii) of Schedule 3

Repeal the subparagraphs, substitute:

(i) non-periodic payment provisions (within the meaning of that Act) under which the individual is providing child support to another individual for a child; and

(ii) a statement that the annual rate of child support payable under any relevant administrative assessment is to be reduced by a specified amount that represents an annual value of the child support to be provided; and