Document ID: chunk:federal_register_of_legislation:C2011A00053:clause:1_41
Version: federal_register_of_legislation:C2011A00053
Segment Type: clause
Provision Reference: sch 1 cl 41
Character Range: 6976–7730

41  Standard reduction
 (1) Subject to subclause (2), the standard reduction for a family tax benefit advance is the amount worked out using the following formula:

Member of a couple in a blended family
 (2) If a determination under section 28 that an individual is eligible for a percentage (the section 28 percentage) of the family tax benefit for FTB children of the individual is in force, the standard reduction for a family tax benefit advance paid to the individual is the amount worked out using the following formula:

Meaning of original repayment period
 (3) The original repayment period for a family tax benefit advance is a period of 182 days, unless the Secretary has determined a different period for the advance under clause 42 or 51.