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A NEW TAX SYSTEM (FAMILY ASSISTANCE) (CONSEQUENTIAL AND RELATED MEASURES) ACT (NO. 1) 1999 - SCHEDULE 1

- Parenting payment ordinary income test taper amendments

Social Security Act 1991

1 Points 1068B-D30 and 1068B-D31

Repeal the points, substitute:

Lower range reduction

1068B-D30 The person's lower range reduction is an amount equal to 50% of the part of the person's ordinary income excess that does not exceed $183.

Upper range reduction

1068B-D31 The person's upper range reduction is an amount equal to 70% of the part (if any) of the person's ordinary income excess that exceeds $183.



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