28AMethod of calculating Part A rate

28A Method of calculating Part A rate

Subject to the operation of clauses 38J and 38K, if the individual’s Part A rate is to be calculated using this Part, it is calculated as follows:

Method statement

Step 1. Work out the individual’s rent assistance (if any) under Subdivision A of Division 2B of Part 5 (clauses 38B to 38H). The result is the individual’s maximum rate.

Step 2. Apply the income test in Division 2C of Part 5 (clauses 38L to 38N) to work out any reduction for adjusted taxable income. Take any reduction away from the individual’s maximum rate: the result is the individual’s income tested rate.

Step 3. The individual’s Part A rate is the individual’s income tested rate.

79 Paragraph 29B(4)(a) of Schedule 1

Repeal the paragraph, substitute:

(a) on the day on which the other individual or his or her partner returns to paid work, the other individual has a shared care percentage for the child; and

80 Clause 31 of Schedule 1

Repeal the clause, substitute: