Document ID: chunk:federal_register_of_legislation:C2018A00168:clause:5_2
Version: federal_register_of_legislation:C2018A00168
Segment Type: clause
Provision Reference: sch 5 cl 2
Character Range: 32992–33483

2  Subclause 3(7) of Schedule 4
Repeal the subclause, substitute:

Indexation rules for certain income limits for certain years
 (7) The FTB basic HIFA (A) is not to be indexed on 1 July 2019 and 1 July 2020.
 (7A) For the purposes of working out the indexed amount for the FTB basic HIFA (A) on 1 July 2021, the current figure for the FTB basic HIFA (A) immediately before that day is taken to be $98,988.
 (7B) The FTB income limit (B) is not to be indexed on 1 July 2019 and 1 July 2020.