Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

A NEW TAX SYSTEM (FAMILY ASSISTANCE) (ADMINISTRATION) ACT 1999 - SECT 34

Amount of family tax benefit advance
(1)
The amount of the family tax benefit advance is worked out using the formula:

where:

"number of days" means the number of days in the individual's family tax benefit advance period.

(2)
Subject to subsections (3), (4) and (5), an individual's family tax benefit advance period is the standard advance period.

(3)
If:

(a)
an individual makes a request under section 33; and

(b)
it is not practicable on the first day in the standard advance period to adjust the individual's payments of family tax benefit to take account of the family tax benefit advance that will result from the request;

the individual's family tax benefit advance period starts at the beginning of the first instalment period for which it is practicable to adjust the individual's payment of family tax benefit to take account of the family tax benefit advance.

(4)
The Secretary may determine that an individual's family tax benefit advance period is to end on a particular day that is earlier than the end of the standard advance period if the Secretary is satisfied that it is appropriate for the period to end on that day having regard to:

(a)
circumstances affecting the individual's eligibility for family tax benefit; and

(b)
circumstances affecting the rate of the family tax benefit that the individual is entitled to be paid.

(5)
If a determination is made under subsection (4), the individual's family tax benefit advance period ends on the day determined by the Secretary.


[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]