Document ID: chunk:federal_register_of_legislation:C2008A00141:clause:1_6:p2
Version: federal_register_of_legislation:C2008A00141
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 2/4)
Character Range: 15558–18350

is:
 (a) if you satisfy paragraphs 61‑610(1)(a), (b) and (c) for one or more individuals in the current year—the sum of the amounts worked out under the method statement for each such individual; and
 (b) if you are an independent student covered by subsection 61‑610(2)—the amount worked out for yourself under the method statement.

      Method statement
           Step 1. Start with this amount:

                (a) for an individual who satisfies the schooling requirement in subsection 61‑630(4) (for secondary school students) on a day in the current year—$750; or
                (b) if paragraph (a) does not apply and the individual satisfies the schooling requirement in subsection 61‑630(2) (for primary school students) on a day in the current year—$375.

                  Note: The effect of step 1 is that the secondary school student starting amount applies for the whole year where an individual completes primary school in the first half of the financial year and starts secondary school in the second half of the financial year.
           Step 2. Add up the number of days in the current year on which:

                (a) paragraphs 61‑610(1)(a) and (b) are satisfied for you and the individual; or

                  Note: There are modifications to step 2(a) in section 61‑670.

                (b) if you are an independent student covered by subsection 61‑610(2)—paragraphs 61‑610(2)(a), (b), (c), (d), (e) and (f) apply to you.

           Step 3. Divide the result of step 2 by the number of days in the current year. Round the result to 2 decimal places (rounding up if the third decimal place is 5 or more).
           Step 4. Multiply the result from step 1 by the result from step 3.
 (2) The amounts specified in step 1 of the method statement in subsection (1) are indexed annually.

Note: Subdivision 960‑M shows you how to index amounts.

61‑670  Shared care

 (1) This section modifies the operation of step 2 of the method statement in subsection 61‑660(1).

Modification for shared care determinations

 (2) If:
 (a) on a particular day, you satisfy subsection 61‑620(1) for an individual; and
 (b) a determination has been made under section 28 or 29 of the A New Tax System (Family Assistance) Act 1999 of your percentage of the family tax benefit for the individual for a period that includes that day; and
 (c) step 2 applies to that day;
only a portion of that day corresponding to that percentage may be counted for the purposes of step 2.

 (3) If:
 (a) on a particular day, you satisfy subsection 61‑620(1) for an individual; and
 (b) you have a shared care percentage under section 59 of the A New Tax System (Family Assistance) Act 1999 for the individual for a period that includes that day; and
 (c) step 2 (including that step as