Family Assistance Legislation Amendment (Adjustment of Certain FTB Child Rates) Act 2005 (Cth)

Family Assistance Legislation Amendment (Adjustment of Certain FTB Child Rates) Act 2005

No. 11, 2005

An Act to amend the A New Tax System (Family Assistance) Act 1999, and for related purposes

Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 2

3............ Schedule(s).......................................................................................... 2

Schedule 1—Amendments  3

A New Tax System (Family Assistance) Act 1999  3

Family Assistance Legislation Amendment (Adjustment of Certain FTB Child Rates) Act 2005

No. 11, 2005

An Act to amend the A New Tax System (Family Assistance) Act 1999, and for related purposes

Assented to 22 February 2005

The Parliament of Australia enacts:

1  Short title

This Act may be cited as the Family Assistance Legislation Amendment (Adjustment of Certain FTB Child Rates) Act 2005.

2  Commencement

(1)Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1	Column 2	Column 3
Provision(s)	Commencement	Date/Details
1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table	The day on which this Act receives the Royal Assent.	22 February 2005
2.  Schedule 1	Immediately after the commencement of Schedule 1 to the Family Assistance Legislation Amendment (More Help for Families—Increased Payments) Act 2004.	1 July 2004

Note:This table relates only to the provisions of this Act as originally passed by the Parliament and assented to. It will not be expanded to deal with provisions inserted in this Act after assent.

(2)Column 3 of the table contains additional information that is not part of this Act. Information in this column may be added to or edited in any published version of this Act.

3  Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Amendments

A New Tax System (Family Assistance) Act 1999

1Subclause 7(1) of Schedule 4 (formula)

Repeal the formula, substitute:

2Subclause 7(3) of Schedule 4 (formula)

Repeal the formula, substitute:

3Subclause 7(6) of Schedule 4

Repeal the subclause.

4Application

The amendments made by this Schedule apply in relation to family tax benefit for the 2003-2004 income year or a later income year.

Minister’s second reading speech made in—

House of Representatives on 18 November 2004

Senate on 9 February 2005

(185/04)