FA(Admin)Act s55AC. Indexed estimates and indexed actual incomes for members of couples

FA(Admin)Act Contents Title Page Part 1 - Preliminary Part 2 - Interpretation Part 3 - Payment of family assistance Part 4 - Overpayments and debt recovery Part 5 - Review of decisions Part 6 - Provisions relating to information Part 7 - Liability of certain employers and principals for offences Part 8 - Approval of child care services and registered carers Part 8A - Obligations of, and advances to, approved child care services Part 8B - Nominees Part 8C - Civil penalties Part 9 - Other matters NOTES Table of Amendments Table A Section Index Definition Index

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55AC. Indexed estimates and indexed actual incomes for members of couples

55AC.(1) This section applies in relation to any individual who is a member of a couple.

History

S.55AC(1) inserted by Act No. 36, 2006, by s.3, Schedule 2(14);

55AC.(2) For the purposes of the Family Assistance Act, any reference in this Act to CCB % being determined or worked out on the basis of an indexed estimate, or an indexed actual income, for an individual or stated in a notice, is affected by subsection (3).

History

S.55AC(2) inserted by Act No. 36, 2006, by s.3, Schedule 2(14);

55AC.(3) The reference is taken to be a reference to CCB % being determined or worked out on the basis of the indexed estimate, or the indexed actual income, for that individual or stated in that notice, combined with:

(a): the indexed estimate or indexed actual income for the individual's partner stated in a notice given to:

(i): if the individual is the claimant for child care benefit–the individual; or

(ii): if the individual is the partner of the claimant for child care benefit–the individual's partner;

under subsection 55AA(2) or 55AB(2) with a start day that has arrived or passed (or, if the Secretary has given more than one such notice–the notice with the most recent start day); or

(b): if there is no such indexed estimate or indexed actual income–a reasonable estimate of the adjusted taxable income of the individual's partner (disregarding the effect of clause 3 of Schedule 3 to the Family Assistance Act) that has been given to the Secretary by the individual.

History

S.55AC(3) inserted by Act No. 36, 2006, by s.3, Schedule 2(14);

S.55AC(3) repealed and substituted by Act No. 82, 2006, by s.3, Schedule 10(3);

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