Commonwealth Consolidated Acts

SOCIAL SERVICES AND OTHER LEGISLATION AMENDMENT (2014 BUDGET MEASURES NO. 6) ACT 2014 - SCHEDULE 9

A New Tax System (Family Assistance) Act 1999

1   Clause   2 of Schedule   1

Omit "worked out using the following table. An individual's higher income free area is the basic amount in column 1 plus an additional amount in column 2 for each FTB child of the individual (after the first)", substitute "the basic amount in column 1 of the following table".

2   Clause   2 of Schedule   1 (table, column 2)

Repeal the column.

3   Clause   28B of Schedule   1 (heading)

Repeal the heading, substitute:

28B   Adjusted taxable income exceeding $100,000

4   Subclause   28B(1) of Schedule   1

Omit "$150,000", substitute "$100,000".

5   Clause   34 of Schedule   1

Omit "3 or more", substitute "4 or more".

6   Clause   35 of Schedule   1 (formula)

Omit "2", substitute "3".

7   Clause   2 of Schedule   4 (table item   12)

Repeal the item.

8   Subclause   3(1) of Schedule   4 (table item   12)

Repeal the item.

9   Subclause   3(7) of Schedule   4

Omit ", the FTB additional HIFA (A)".

10   Application provision

The amendments made by items   1, 2, 3, 4, 5 and 6 apply in relation to working out the rate of family tax benefit for days on or after the commencement of those items.