85Indexation of amounts used in rate calculations

#### 85 Indexation of amounts used in rate calculations Schedule 4 provides for the indexation of certain amounts used in working out rates of family assistance. 56 Subclause 2(2) of Schedule 2 (definition of part‑time %) Repeal the definition, substitute: > part‑time % is: (a) if: (i) the care is provided by an approved centre based long day care service; and (ii) the child is not a school child; and (iii) the total number of hours in sessions of care that are provided to the child by one or more approved child care services, and for which the family incurs liability to pay, in the week concerned, is less than 34—110%; or (b) if: (i) the care is provided by an approved centre based long day care service; and (ii) the child is not a school child; and (iii) the total number of hours in sessions of care that are provided to the child by one or more approved child care services, and for which the family incurs liability to pay, in the week concerned, is 34 or more, but less than 35—108%; or (c) if: (i) the care is provided by an approved centre based long day care service; and (ii) the child is not a school child; and (iii) the total number of hours in sessions of care that are provided to the child by one or more approved child care services, and for which the family incurs liability to pay, in the week concerned, is 35 or more, but less than 36—106%; or (d) if: (i) the care is provided by an approved centre based long day care service; and (ii) the child is not a school child; and (iii) the total number of hours in sessions of care that are provided to the child by one or more approved child care services, and for which the family incurs liability to pay, in the week concerned, is 36 or more, but less than 37—104%; or (e) if: (i) the care is provided by an approved centre based long day care service; and (ii) the child is not a school child; and (iii) the total number of hours in sessions of care that are provided to the child by one or more approved child care services, and for which the family incurs liability to pay, in the week concerned, is 37 or more, but less than 38—102%; or (f) in any other case—100%. 57 At the end of subparagraph 7(a)(ii) of Schedule 2 Add “or is receiving income support supplement under Part IIIA of the Veterans’ Entitlements Act 1986”. 58 Clause 8 of Schedule 2 Omit the number identifying the text of the clause as subclause (1). 59 Clause 8 of Schedule 2 (method statement, step 8) Repeal the step, substitute: Step 8. The individual’s taxable income % is: (a) the individual’s provisional taxable income % if it is equal to or greater than the individual’s minimum taxable income %; or (b) the individual’s minimum taxable income % if it is greater than the individual’s provisional taxable income %. 60 The subclause of clause 11 in Schedule 2 preceding subclause (2) Insert the symbols identifying the subclause as subclause (1). 61 Clause 11 of Schedule 2 (table item 4, column 4) Omit “Individual’s weekly taper amount”, substitute “Specific taper amount”. 62 Clause 11 of Schedule 2 (table item 6, column 4) Omit “Individual’s weekly taper amount”, substitute “Specific taper amount”. 63 Clause 11 of Schedule 2 (table item 7 of the table relating to maximum weekly benefit (MWB)) Repeal the item, substitute: | 7 | 4 or more | no | | | --- | --------- | --- | --- | 64 Clause 11 of Schedule 2 (table item 8, column 4) Omit “Individual’s weekly taper amount”, substitute “Specific taper amount”. 65 Subclause 11(2) of Schedule 2 Insert: > additional loading is one third of the amount, expressed in dollars, in item 5 of the table for each child in care of that kind after the third child. 66 Subclause 11(2) of Schedule 2 Insert: > additional MWB is item 1 of the table MWB for each child in care of that kind after the third child. 67 Subclause 11(2) of Schedule 2 Insert: > specific taper amount is the amount that would be the weekly taper amount for an individual worked out under step 4 of the method statement in clause 8 if the individual’s adjusted taxable income for the income year were the upper income threshold. 68 Subclause 11(2) of Schedule 2 (definition of weekly taper amount) Repeal the definition. 69 Clause 12 of Schedule 2 Repeal the clause, substitute: An individual’s minimum taxable income % is the percentage worked out in accordance with the following formula and rounded to 2 decimal places:  where: > multiple child % is the amount worked out under clause 5 in relation to the individual. > standard hourly rate is the amount specified in item 1 of the table in subclause 4(1). Part 3—Common provisions relating to family assistance 70 Subsection 3(1) (definition of CPC rate) Repeal the definition, substitute: > CPC rate has the meaning given by subsection (3). 71 Subsection 3(1) (definition of FTB advance rate) Repeal the definition, substitute: > FTB advance rate, in relation to an individual, means: (a) unless paragraph (b) applies—half the amount that would, under clause 26 of Schedule 1, be the FTB child rate for an FTB child who had not turned 18 if: (i) the individual’s Part A rate were required to be worked out using Part 3 of that Schedule; and (ii) clause 27 of that Schedule did not apply in respect of the child; or (b) if the amount per year that would be the FTB advance rate under paragraph (a) is not a multiple of $3.65—the amount per year that is the next highest multiple of $3.65. 72 Subsection 3(1) (definition of FTB child) Repeal the definition, substitute: > FTB child: (a) in relation to family tax benefit—has the meaning given in Subdivision A of Division 1 of Part 3; and (b) in relation to child care benefit—has the meaning given in Subdivision A of Division 1 of Part 3 but: (i) in applying paragraphs 22(7)(b) and 25(1)(b) to child care benefit, the references in those paragraphs to a claim for payment of family tax benefit are to be read as references to a claim for payment of child care benefit; and (ii) in applying subsections 24(4) and (6) to child care benefit, the references in those subsections to eligibility for family tax benefit are to be read as references to eligibility, or conditional eligibility, for child care benefit; and (c) in relation to child care benefit—also means a child determined by the Secretary under subsection 42(2), 44(3) or 45(3) to be an FTB child. 73 Subsection 3(1) Insert: > partnered (partner in gaol) has the same meaning as in the Social Security Act 1991. 74 Subsection 3(1) Insert: > relevant shared carer means an individual each of whose FTB children is the subject of a determination under subsection 59(1). 75 After section 3 Insert: