Document ID: chunk:federal_register_of_legislation:C2024C00583:clause:1_29
Version: federal_register_of_legislation:C2024C00583
Segment Type: clause
Provision Reference: sch 1 cl 29
Character Range: 383513–385636

29  General method of calculating Part B rate
 (1) Subject to clause 29AA, the individual's Part B rate is the amount worked out by adding the following amounts if the individual is not a member of a couple:
 (a) the individual's standard rate under Division 2 (clauses 30 and 31);
 (b) the individual's FTB Part B supplement under Division 2A (clause 31A);
 (c) the individual's energy supplement (Part B) under Division 2B (clause 31B).
Note: Paragraph (c) does not apply to certain individuals: see clause 29AA.
 (2) The individual's Part B rate is worked out using the following method statement if the individual is a member of a couple:

      Method statement
           Step 1. Add the following amounts:

                (a) the individual's standard rate under Division 2 (clauses 30 and 31);
                (b) the individual's FTB Part B supplement under Division 2A (clause 31A);
                (c) the individual's energy supplement (Part B) under Division 2B (clause 31B).

            The result is the individual's maximum rate.
                  Note: Paragraph (c) does not apply to certain individuals: see clause 29AA.
           Step 2. Work out the individual's reduction for adjusted taxable income using Division 3 (clauses 32 and 33).
           Step 3. The individual's Part B rate is the maximum rate less the reduction for adjusted taxable income.
Note: An individual who is a member of a couple works out his or her Part B rate under Subdivision B if the secondary earner of the couple returns to paid work after the birth of a child etc.
 (2A) The Minister may, by legislative instrument, determine a method for working out the extent to which Part B rates under subclause (2) are attributable to the amounts referred to in step 1 of the method statement in subclause (2).
 (3) In applying this Part to an individual, disregard an FTB child who has turned 16 years of age unless the FTB child is a senior secondary school child. If disregarding the FTB child means that neither item 1 nor item 2 in the table in clause 30 applies to the individual, the individual's Part B rate is nil.