Document ID: chunk:federal_register_of_legislation:C2013C00026:clause:2_5
Version: federal_register_of_legislation:C2013C00026
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 113320–114555

5                                          FTB child who has reached 18, but is under 22, years of age and who is not a senior secondary school child

 (2) For the purposes of subclause (1), the FTB clean energy child amount, in relation to an item in the table in subclause (1), is worked out as follows:

      Method statement
           Step 1. Work out the amount applicable on 1 July 2013 under the corresponding item of the table in clause 7.
           Step 2. Work out the FTB gross supplement amount on 1 July 2013 under subclause 38A(3).
           Step 3. Work out the sum of the amounts at steps 1 and 2.
           Step 4. Multiply the amount at step 3 by 0.017.
           Step 5. Round the amount at step 4 to the nearest multiple of $3.65 (rounding up if necessary): the result is the FTB clean energy child amount.
 (3) This clause does not apply in relation to a day if an election made by the individual under subsection 58A(1) is in force on that day.

Note: If that election is in force on one or more days in a quarter, then after the end of the quarter the Secretary must review the instalment determination taking into account this Subdivision: see section 105B of the Family Assistance Administration Act.