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Families, Community Services and Indigenous Affairs Legislation Amendment (Further 2007 Budget Measures) Bill 2007

Schedule 5 Extension of multiple birth allowance

   

A New Tax System (Family Assistance) Act 1999

1  Clause 36 of Schedule 1

Before “An amount”, insert “(1)”.

2  Paragraph 36(b) of Schedule 1

Repeal the paragraph, substitute:

                     (b)  at least 3 of those children were born during the same multiple birth and satisfy the requirements of subclause (2).

3  At the end of clause 36 of Schedule 1

Add:

             (2)  For the purposes of paragraph (1)(b), the requirements of this subclause are satisfied by a child if:

                     (a)  the child is under the age of 16 years; or

                     (b)  both:

                              (i)  the child has turned 16 and is undertaking full-time study; and

                             (ii)  the calendar year has not ended in which the first born of the children in the multiple birth who are undertaking full-time study turns 18.

4  Paragraphs 37(a) and (b) of Schedule 1

After “multiple birth”, insert “who satisfy the requirements of subclause 36(2)”.

5  Application

The amendments made by this Schedule apply to multiple birth allowance included in an individual’s Part A rate, on or after 1 January 2008, for the 2007-2008 income year or a later income year.