Document ID: chunk:federal_register_of_legislation:C2004A04148:body:0:p53
Version: federal_register_of_legislation:C2004A04148
Segment Type: other
Provision Reference: 
Character Range: 155763–158612

child of the partner (other than a payment referred to in point 53b-9);

the amount of $156 referred to in point 53b-4 is reduced by 50% of the annual amount of that payment.

How to calculate fringe benefits income under point 53b-3

"53b-6. If a person has a dependent child or dependent children and point 53b-4 does not apply to the person, use Table B-l to work out the person's fringe benefits income reduction amount (column 3). Multiply the fringe benefits income reduction amount by the number of dependent children the person has. Take away the result from the person's annual rate of ordinary income. The result is the person's fringe benefits income.

Note: for 'dependent child' see section 5f.

TABLE B-l
FRINGE BENEFITS INCOME REDUCTION AMOUNT
 column 1                                        column 2               column 3
 item                                        person's family situation  reduction amount
 1.                                      not member of a couple         $312
 2.                                      member of a couple             $156

Effect of certain child payments on fringe benefits income reduction amount

"53b-7. The fringe benefits income reduction amount for a dependent child of a person is reduced by the annual amount of any payment received by the person or the person's partner for or in respect of that particular child. The payments referred to in point 53b-9 do not result in a reduction.

SCHEDULE 5—continued

"53b-8. The fringe benefits income reduction amount for a dependent child of a person who is partnered (partner getting pension) is reduced by 50% of the annual amount of any payment received by the person or the person's partner for or in respect of that particular child. The payments referred to in point 53b-9 do not result in a reduction.

Note: for 'partnered (partner getting pension)' see section 5e.

"53b-9. No reduction is to be made under point 53b-5, 53b-7 or 53b-8 for a payment:

  (a)     under this Act; or

  (b)     of maintenance income; or

  (c)     under the Social Security Act; or

  (d)     under the AUSTUDY Scheme; or

  (e)     under the Assistance for Isolated Children Scheme; or

    (f)      that is similar in nature to family allowance and that prevents a family allowance from being paid under section 837 of the Social Security Act.

Financial hardship cases

"53b-10. For the purposes of point 53b-1, a person's fringe benefits income is to be taken to include an amount per year that is taken into account under subsection 52z (5).

Changes in income rate (13 week buffer)

"53b-11. If on a particular day a person's annual rate of fringe benefits income increases from a rate below or equal to the person's fringe benefits income free area to a rate not more than 25% above that free area, the person is to be taken to satisfy the