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A New Tax System (Family Assistance) Act 1999
41Standard reduction
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#### 41 Standard reduction
(1) Subject to subclause (2), the standard reduction for a family tax benefit advance is the amount worked out using the following formula:

Member of a couple in a blended family
(2) If a determination under section 28 that an individual is eligible for a percentage (the section 28 percentage) of the family tax benefit for FTB children of the individual is in force, the standard reduction for a family tax benefit advance paid to the individual is the amount worked out using the following formula:

Meaning of original repayment period
(3) The original repayment period for a family tax benefit advance is a period of 182 days, unless the Secretary has determined a different period for the advance under clause 42 or 51.