Document ID: chunk:federal_register_of_legislation:C2024C00583:clause:1_1
Version: federal_register_of_legislation:C2024C00583
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 319948–321286

1  Overall rate calculation process
 (1) To work out an individual's annual rate of family tax benefit, add:
 (a) the individual's Part A rate calculated under Part 2 (clauses 3 to 24S), Part 3 (clauses 25 to 28) or Part 3A (clause 28A); and
 (b) the individual's Part B rate calculated under Part 4 (clauses 28B to 33).
 (2) To work out the individual's Part A rate:
 (a) use Part 2 (clauses 3 to 24S) if the individual has at least one FTB child and:
 (i) the individual's adjusted taxable income does not exceed the individual's higher income free area; or
 (ii) the individual, or the individual's partner, is receiving a social security pension, a social security benefit, a service pension, income support supplement or a veteran payment; and
 (b) use Part 3 (clauses 25 to 28) if the individual has at least one FTB child and:
 (i) the individual's adjusted taxable income exceeds the individual's higher income free area; and
 (ii) neither the individual, nor the individual's partner, is receiving a social security pension, a social security benefit, a service pension, income support supplement or a veteran payment; and
 (c) use Part 3A (clause 28A) if the individual has no FTB children.
Use Schedule 3 to work out the individual's adjusted taxable income. Use clause 2 to work out the individual's higher income free area.