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A New Tax System (Family Assistance) (Family Tax Benefit—Order of Reduction) Determination 2023
5Method for working out components of Part B rate
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5 Method for working out components of Part B rate
(1) This section applies in relation to the method statement in subclause 29(2) of Schedule 1.
(2) An individual’s reduction for adjusted taxable income is to be attributed to the following amounts in descending order:
(a) the individual’s standard rate;
(b) the individual’s energy supplement (Part B) (if any);
(c) the individual’s FTB Part B supplement (if any).
Note: the amounts in paragraphs 5(2)(a) to (c) above are the same amounts mentioned in Step 1 of the method statement in subclause 29(2) of Schedule 1.