Sch 5Maintenance income credit balances

Schedule 5—Maintenance income credit balances

1  Subsection 3(1)

maintenance income credit balance has the meaning given by clause 24A of Schedule 1.

2  Subsection 3(1)

registered entitlement, of an individual, means the individual’s entitlement to receive maintenance income from a particular payer, if the payer’s liability to pay that maintenance income is an enforceable maintenance liability within the meaning of the Child Support (Registration and Collection) Act 1988.

3  Before clause 19A of Schedule 1

Subdivision A—Maintenance income test

4  Clause 20 of Schedule 1

Before “This is”, insert “(1)”.

5  Clause 20 of Schedule 1 (method statement, paragraph (b) of step 1)

Omit “paragraph (a).”, substitute “paragraph (a); and”.

6  Clause 20 of Schedule 1 (method statement, at the end of step 1)

Add:

 (c) disregard any amount that, for the income year for which the individual’s reduction for maintenance income is being worked out, is required under clause 24E to be depleted from a maintenance income credit balance of the individual and, if the individual is a member of a couple, from a maintenance income credit balance of the individual’s partner.

7  At the end of clause 20 of Schedule 1

Add:

 (2) Paragraph (c) of step 1 of the method statement in subclause (1) does not apply unless and until the individual has satisfied the FTB reconciliation conditions in section 32B of the Family Assistance Administration Act for all of the same‑rate benefit periods (within the meaning of that section) that are included in the income year for which the individual’s reduction for maintenance income is being worked out.

8  At the end of Division 5 of Part 2 of Schedule 1

Add:

Subdivision B—Maintenance income credit balances