Commonwealth Consolidated Acts Commonwealth Consolidated Acts
A New Tax System (Family Assistance) (Administration) Act 1999
1 Subsections 47(1) and (2)
Repeal the subsections, substitute:
Payment over 13 fortnightly instalment periods
(1) The Secretary must:
(a) after the first fortnightly instalment period ending after he or she determines the claimant is entitled to be paid baby bonus, pay the claimant the upfront part of the amount of baby bonus the claimant is entitled to; and
(b) after each of the next 12 fortnightly instalment periods, pay the claimant 1 / 12 of the amount of baby bonus remaining after the application of paragraph ( a).
Note: Section 47AB provides for rounding of the amounts of payments.
Payment over 26 weekly instalment periods
(2) However, if the Secretary:
(a) determines that the claimant has a weekly instalment period; and
(b) makes that determination before the end of what would, apart from that determination, be the end of the claimant's first fortnightly instalment period ending after the making of the determination that the claimant is entitled to be paid baby bonus;
the Secretary must:
(c) after each of the first 2 weekly instalment periods ending after the determination of entitlement is made, pay the claimant 1 / 2 of the upfront part of the amount of baby bonus the claimant is entitled to; and
(d) after each of the next 24 weekly instalment periods, pay the claimant 1 / 24 of the amount of baby bonus remaining after the application of paragraph ( c).
Note: Section 47AB provides for rounding of the amounts of payments.
Upfront part
(2A) The upfront part is the following amount:
(a) if the claimant becomes eligible for baby bonus in the 2011 - 2012 financial year--$879.77;
(b) if the claimant becomes eligible for baby bonus in the 2012 - 2013 financial year or a later financial year--the amount worked out as follows:
2 Application
The amendment made by item 1 applies in relation to individuals who become eligible for baby bonus on or after 1 July 2011.
