Document ID: chunk:federal_register_of_legislation:C2006C00468:clause:2_65bb
Version: federal_register_of_legislation:C2006C00468
Segment Type: clause
Provision Reference: sch 2 cl 65BB
Character Range: 34970–36170

65BB  Variation of determination of CCB % to reflect indexation of adjusted taxable income

 (1) If:
 (a) determinations of conditional eligibility under section 50F and of CCB % under section 50J are in force in respect of a claimant who is an individual and the effect of the former determination is that the individual is conditionally eligible for child care benefit by fee reduction; and
 (b) the Secretary gives the claimant a notice under subsection 55AB(2); and
 (c) the claimant does not, before the start day specified in the notice, give the Secretary an estimate of the claimant's adjusted taxable income that the Secretary considers to be reasonable; and
 (d) if the claimant's CCB % were calculated using the indexed actual income stated in the notice—a new CCB % would be required;
the Secretary must vary the determination of CCB % so that it is determined on the basis of the indexed actual income stated in the notice.

Note: Section 55AC affects the meaning of this provision for members of couples.

 (2) The variation has effect:
 (a) from the start day specified in the notice; or
 (b) if the variation is made after that start day—from the Monday after the variation is made.