Document ID: chunk:federal_register_of_legislation:C2004A04616:front:0:p13
Version: federal_register_of_legislation:C2004A04616
Segment Type: other
Provision Reference: 
Character Range: 31080–34013

omitting "taxable" (wherever occurring) from paragraph 1069-H16(b);

(n) by adding at the end of point 1069-H16 the following Note:

   "Note 2: For 'income' see point 1069-H21.";

(o) by omitting "taxable" (wherever occurring) from paragraph 1069-H17(c);

(p) by adding at the end of point 1069-H17 the following Note:

   "Note: For 'income' see point 1069-H21.";

(q) by omitting "taxable" (wherever occurring) from paragraph 1069-H19(c);

(r) by adding at the end of point 1069-H19 the following Note:

   "Note: For 'income' see point 1069-H21.";

(s) by inserting after point 1069-H20 the following point in Submodule 2 of Module H:

   Income

   "1069-H21. In points 1069-H13, 1069-H14, 1069-H15, 1069-H16, 1069-H17 and 1069-H19:

   'income', in relation to a person, means the person's taxable income and the person's adjusted fringe benefits value.";

(t) by omitting Submodules 3, 4 and 5 from Module H and substituting the following Submodules:

"Submodule 3—Family payment income test

   Satisfying the family payment income test

   "1069-H22. This is how to work out whether a person satisfies the family payment income test:

Method statement

      Step 1. Work out the person's appropriate tax year using Submodule 2.

      Step 2. Work out the person's taxable income for that tax year.

         Note: For the treatment of the taxable income of members of a couple see point 1069-H2.

      Step 3. Work out the person's fringe benefits value for that tax year using points 1069-H2A and 1069-H2B.

      Step 4. Work out the fringe benefits value free area using point 1069-H23.

      Step 5. Work out the person's adjusted fringe benefits value using points 1069-H24 and 1069-H25.

      Step 6. Add the amount obtained in Step 2 and the amount obtained in Step 5: the result is called the person's adjusted income.

      Step 7. Work out the person's income ceiling using point 1069-H26.

      Step 8. If the person's adjusted income does not exceed the income ceiling, the person satisfies the family payment income test and the person's basic family payment rate is not affected.

      Step 9. If the person's adjusted income exceeds the income ceiling, the person does not satisfy the family payment income test and the person's basic family payment rate is nil.

   Note: It is only assessable fringe benefits that are used to work out the person's fringe benefits value. An assessable fringe benefit is a fringe benefit that is a car benefit, school fees benefit, health insurance benefit, loan benefit or housing benefit. However, if one of these kinds of benefits is an exempt benefit, it is not an assessable fringe benefit. For 'assessable fringe benefit' see section 10A.

Fringe benefits value free area

"1069-H23. A person's fringe benefits value free area is $1,000.00.

Person's adjusted fringe benefits value

"1069-H24. If the person's fringe benefits value exceeds the fringe benefits