New Zealand Acts

TAXATION (WORKING FOR FAMILIES) ACT 2004 - SECT 22

22 Meaning of term living allowance

1 Section 30(4) is replaced by the following:

4 A liable parent who has one or more dependent children is entitled to a living allowance for the child support year of an amount equal to the aggregate of—

a) an amount equal to the gross married rate of invalid's benefit in force on 1 January in the immediately preceding child support year; and

b) in relation to not more than the eldest 4 such children, the sum of the amounts provided in subsection (4A) adjusted in the manner required by subsection (4B) .

4A For the child support year commencing on 1 April 2005, the living allowance allowed under subsection (4) is $2,444 in respect of each dependent child.

4B The living allowance for the child support years commencing on and after 1 April 2006 is $2,444, inflated by the inflation percentage (as defined in section 29(1) ) for that child support year.

2 In section 30(5) , in the definition of gross married rate of unemployment benefit, (1)(h) is replaced by (1)(e).

3 Subsections (1) and (2) apply in respect of the 2005-06 and subsequent child support years.