Document ID: chunk:federal_register_of_legislation:C2024C00583:clause:1_40
Version: federal_register_of_legislation:C2024C00583
Segment Type: clause
Provision Reference: sch 1 cl 40
Character Range: 445392–446939

40  Reduction for family tax benefit advance
 (1) Subject to subclause (2) and clauses 43 and 44, the amount by which an individual's Part A rate is to be reduced under clause 5 or 25A to repay a family tax benefit advance is 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 amount by which the individual's Part A rate is to be reduced under clause 5 or 25A to repay the family tax benefit advance is worked out using the following formula:

Meaning of repayment period
 (3) The repayment period in relation to a family tax benefit advance that is paid to an individual:
 (a) begins on:
 (i) the first day of the instalment period after the individual is paid the family tax benefit advance; or
 (ii) if it is not practicable for the reduction to start on the day referred to in subparagraph (i)—the first day on which it is practicable to reduce the individual's Part A rate; or
 (iii) if the determination of the individual's entitlement to the family tax benefit advance is a determination referred to in subsection 35B(3) of the Family Assistance Administration Act (regular family tax benefit advances)—the day the determination is made; or
 (iv) such other day determined by the Secretary under this Division; and
 (b) is a period of 182 days or such other period determined by the Secretary under this Division.