Document ID: chunk:federal_register_of_legislation:C2013C00026:clause:2_37
Version: federal_register_of_legislation:C2013C00026
Segment Type: clause
Provision Reference: sch 2 cl 37
Character Range: 123679–124557

37  Subsection 58(2)
Repeal the subsection, substitute:

Annual rate of family tax benefit to approved care organisation

 (2) An approved care organisation's annual rate of family tax benefit for an individual is the sum of:
 (a) the organisation's standard rate under subsection (2A); and
 (b) the organisation's clean energy supplement under subsection (2B).

 (2A) An approved care organisation's standard rate for an individual is $1,372.40.

 (2B) An approved care organisation's clean energy supplement for an individual is worked out as follows:

      Method statement
           Step 1. Work out the amount applicable under subsection (2A) on 1 July 2013.
           Step 2. Multiply the amount at step 1 by 0.017.
           Step 3. Round the amount at step 2 to the nearest multiple of $3.65 (rounding up if necessary): the result is the clean energy supplement.