Commonwealth Numbered Acts

FAMILY ASSISTANCE, SOCIAL SECURITY AND VETERANS' AFFAIRS LEGISLATION AMENDMENT (2005 BUDGET AND OTHER MEASURES) ACT 2006 (NO. 36, 2006) - SCHEDULE 1

A New Tax System (Family Assistance) Act 1999

1  Clause 19 of Schedule 1

Omit “$28,200”, substitute “$37,500”.

2  Subclause 3(1) of Schedule 4 (cell at table item 13, column 4)

Omit “1999”, substitute “2005”.

3  Application

(1)        The amendment made by item 1 applies in relation to family tax benefit for the 2006‑2007 income year and later income years.

(2)        The amendment made by item 2 applies in relation to family tax benefit for the 2007‑2008 income year and later income years.

4  Transitional

The amount referred to in column 1 of item 13 of the table in subclause 3(1) of Schedule 4 to the A New Tax System (Family Assistance) Act 1999 as amended by this Schedule is not to be indexed on 1 July 2006.