Commonwealth Numbered Acts

FAMILY ASSISTANCE LEGISLATION AMENDMENT (CHILD CARE BUDGET MEASURES) ACT 2011 (NO. 96, 2011) - SCHEDULE 1

A New Tax System (Family Assistance) Act 1999

1  Subsection 84F(1)

Omit "(1)".

2  At the end of subsection 84F(1)

Add:

            ; and (d)  for the income year ending on 30 June 2010--$7,778; and

                     (e)  for the income year ending on 30 June 2011--$7,941; and

                    (ea)  for each of the income years ending on 30 June 2012, 30 June 2013 and 30 June 2014--$7,500; and

                      (f)  for a later income year--the indexed amount substituted under Schedule 4 on 1 July of that later income year for the child care rebate limit for the previous income year.

3  Subsection 84F(2)

Repeal the subsection.

4  After subclause 3(6) of Schedule 4

Insert:

No indexation of CCR limit on 1 July 2011, 1 July 2012 and 1 July 2013

          (6A)  The indexation of the CCR limit that occurred on 1 July 2011 has no effect.

          (6B)  The CCR limit is not to be indexed on 1 July 2012 and 1 July 2013.

Note:          Indexation of the CCR limit resumes on 1 July 2014.

5  Transitional

For the purposes of working out the indexed amount for the CCR limit on 1 July 2014 under Schedule 4 to the A New Tax System (Family Assistance) Act 1999 , the current figure for the CCR limit immediately before that day is taken to be $7,500.