Document ID: chunk:federal_register_of_legislation:C2024C00583:clause:1_38a
Version: federal_register_of_legislation:C2024C00583
Segment Type: clause
Provision Reference: sch 1 cl 38A
Character Range: 410968–412703

38A  Rate of FTB Part A supplement
 (1A) Despite any other provision of this clause, the amount of the FTB Part A supplement to be added in working out an individual's maximum rate under clause 3, or an individual's Method 2 base rate under clause 25, is nil if the individual's adjusted taxable income is more than $80,000.
Note: If the individual is a member of a couple, the individual's adjusted taxable income includes the adjusted taxable income of the individual's partner: see clause 3 of Schedule 3.
 (1) The amount of the FTB Part A supplement to be added in working out an individual's maximum rate under clause 3, or an individual's Method 2 base rate under clause 25, is:
 (a) if the individual has one FTB child—the applicable supplement amount for that child; or
 (b) if the individual has 2 or more FTB children—the sum of the applicable supplement amounts for each of those children.
 (2) For the purposes of subclause (1), the applicable supplement amount for an FTB child of the individual is:
 (a) if the individual has a shared care percentage for the FTB child—the individual's shared care percentage of the FTB gross supplement amount; or
 (b) in any other case—the FTB gross supplement amount.
 (3) For the purposes of subclause (2), the FTB gross supplement amount is $600.
 (4) To avoid doubt, when the FTB gross supplement amount is indexed on a 1 July under Part 2 of Schedule 4, the amount, as it stood before that indexation, continues to apply in working out an individual's maximum rate under clause 3, or an individual's Method 2 base rate under clause 25, for the income year ending just before that 1 July.

Division 2AA—Energy supplement (Part A)

Subdivision A—Energy supplement (Part A—Method 1)