Sch 10Technical amendments relating to income estimates

Schedule 10—Technical amendments relating to income estimates

 

1  Subsection 20C(3)

 (3) The reference is taken to be a reference to eligibility for, or rate of, family tax benefit being determined or worked out on the basis of the indexed estimate, or the indexed actual income, for that individual or stated in that notice, combined with:

 (a) the most recent indexed estimate or indexed actual income for the individual’s partner (see subsection (6)); or

 (b) if there is no such indexed estimate or indexed actual income—a reasonable estimate of the adjusted taxable income of the individual’s partner (disregarding the effect of clause 3 of Schedule 3 to the Family Assistance Act) that has been given to the Secretary by the individual.

2  At the end of paragraph 20C(5)(b)

Add “or, if there is no such indexed estimate or indexed actual income, a reasonable estimate of the adjusted taxable income of the individual’s partner (disregarding the effect of clause 3 of Schedule 3 to the Family Assistance Act) that has been given to the Secretary by the individual”.

3  Subsection 55AC(3)

 (3) The reference is taken to be a reference to CCB % being determined or worked out on the basis of the indexed estimate, or the indexed actual income, for that individual or stated in that notice, combined with:

 (a) the indexed estimate or indexed actual income for the individual’s partner stated in a notice given to:

 (i) if the individual is the claimant for child care benefit—the individual; or

 (ii) if the individual is the partner of the claimant for child care benefit—the individual’s partner;

  under subsection 55AA(2) or 55AB(2) with a start day that has arrived or passed (or, if the Secretary has given more than one such notice—the notice with the most recent start day); or

 (b) if there is no such indexed estimate or indexed actual income—a reasonable estimate of the adjusted taxable income of the individual’s partner (disregarding the effect of clause 3 of Schedule 3 to the Family Assistance Act) that has been given to the Secretary by the individual.