Save Search

Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
A New Tax System (Family Assistance) Bill 1999

Bill home page  


Download WordDownload Word


Download PDFDownload PDF

1998-99

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

 

 

A New Tax System (Family Assistance) Bill 1999

 

 

(Amendments to be moved on behalf of the Government)

 

(1)     Clause 22, page 23 (line 20), omit the heading to subclause (5), substitute:

Individual aged 18-20

[FTB for 18-20 year olds]

(2)     Clause 22, page 23 (lines 22 and 23), omit paragraph (5)(a), substitute:

                     (a)  the individual has turned 18 but is aged under 21; and

[FTB for 18-20 year olds]

(3)     Clause 22, page 24 (table item 2), omit the table item, substitute:

 

2

16 or more

(a) the individual has adjusted taxable income, for the income year in which the particular time occurs, that equals or exceeds the cut-out amount (see subsection (7)); or

(b) the adult is the individual’s partner

[FTB for 18-20 year olds]

(4)     Clause 31, page 31 (lines 21 to 31), omit subclause (3), substitute:

14 weeks reduced if child would have turned 21

             (3)  The period for which the individual is eligible for family tax benefit under subsection (2) does not include any day on which the child would have been aged 21 if the child had not died.

[FTB for 18-20 year olds]

(5)     Clause 34, page 34 (lines 24 to 27), omit paragraph (a), substitute:

                     (a)  the individual is aged under 21; and

[FTB for 18-20 year olds]

(6)     Clause 35, page 35 (table item 2), omit the table item, substitute:

 

2

16 or more

      the individual has adjusted taxable income, for the income year in which the particular time occurs, that equals or exceeds the cut-out amount (see subsection (3))

[FTB for 18-20 year olds]

(7)     Clause 65, page 68 (lines 1 to 7), omit subclause (2), substitute:

             (2)  For the purposes of the method statement in subsection (1), a day in the lump sum period is an excluded day in relation to the child if the child would have been aged 21 on that day if the child had not died.

[FTB for 18-20 year olds]

(8)     Schedule 1, clause 7, page 81 (table item 3, 1st column), omit “19”, substitute “21”.

[FTB for 18-20 year olds]

(9)     Schedule 1, clause 29, page 97 (after line 16), at the end of the clause, add:

             (3)  In applying this Part to an individual, disregard an FTB child who has turned 16 years of age unless:

                     (a)  the child is undertaking full-time study; and

                     (b)  the calendar year in which the child turned 18 has not ended.

If disregarding the child means that neither item 1 nor item 2 in the table in clause 30 applies to the individual, the individual’s standard rate is nil.

[FTB for 18-20 year olds]

(10)   Schedule 4, clause 2, page 119 (table item 3, 1st column), omit “19”, substitute “21”.

[FTB for 18-20 year olds]

(11)   Schedule 4, clause 2, page 119 (table item 3, 2nd column), omit “16-18”, substitute “16-20”.

[FTB for 18-20 year olds]

(12)   Schedule 4, clause 3, page 122 (table item 3, 1st column), omit “16-18”, substitute “16-20”.

[FTB for 18-20 year olds]