Document ID: chunk:federal_register_of_legislation:C2010C00151:clause:8_31
Version: federal_register_of_legislation:C2010C00151
Segment Type: clause
Provision Reference: sch 8 cl 31
Character Range: 433193–434383

31  Sharing family tax benefit (shared care percentages)

 (1) If:
 (a) an individual has a shared care percentage for an FTB child of the individual; and
 (b) the child is the individual's only FTB child;
the individual's standard rate is the individual's shared care percentage of the standard rate that would otherwise apply.

 (2) If:
 (a) an individual has a shared care percentage for an FTB child of the individual; and
 (b) the child is not the individual's only FTB child;
the individual's standard rate is to be worked out as follows:
 (c) for each of the individual's FTB children for whom the individual does not have a shared care percentage, work out the rate that would be the individual's standard rate under clause 30 if that child were the individual's only FTB child;
 (d) for each of the individual's FTB children for whom the individual has a shared care percentage, work out the rate that would be the individual's standard rate under clause 30 if:
 (i) that child were the individual's only FTB child; and
 (ii) subclause (1) of this clause applied to the child;
 (e) the individual's standard rate is the highest of the rates obtained under paragraphs (c) and (d).