Document ID: chunk:federal_register_of_legislation:C2004C01310:clause:2_71a
Version: federal_register_of_legislation:C2004C01310
Segment Type: clause
Provision Reference: sch 2 cl 71A
Character Range: 341367–342516

71A  Debts arising in respect of family tax benefit advances

 (1) If:
 (a) an individual receives an amount by way of family tax benefit advance; and
 (b) on a particular day, before the end of the family tax benefit advance period worked out in accordance with section 34:
 (i) the individual ceases to be entitled to be paid family tax benefit by instalment; or
 (ii) by virtue of the operation of subclause 5(2) or 25A(2) of Schedule 1 to the Family Assistance Act, the individual's Part A rate is no longer to be reduced by the FTB advance rate;
the amount by which the family tax benefit advance exceeds the reduction amount calculated in accordance with subsection (2) becomes a debt due to the Commonwealth by the person.

 (2) For the purposes of subsection (1), the reduction amount in relation to an individual is an amount calculated in accordance with the formula:
where:

number of reduction days means the number of days in the individual's family tax benefit advance period worked out under section 34 during which the individual's Part A rate was reduced under subclause 5(1) or 25A(1) of Schedule 1 to the Family Assistance Act.