New Financial Year Assessments (NFYA) for Family Tax Benefit (FTB) and Child Care Subsidy (CCS) 007-07130000

Policy

Family Assistance Guide, 5.1, General Provisions for Gathering Information

Family Assistance Guide, 3.2, Adjusted Taxable Income

Family Assistance Guide, 3.2.8, Reasonable Estimate of Income

Family Assistance Guide, 4.9.1, Overview of New Financial Year Assessments

Family Assistance Guide, 3.5.1 CCS - Combined Annual ATI (Child Care Subsidy)

Legislation

Links to the Federal Register of Legislation site go to a 'Series' page. Select the 'Latest' version.

Power to obtain information

A New Tax System (Family Assistance) (Administration) Act 1999, section 154, General power to obtain information

Indexation of income estimates

A New Tax System (Family Assistance) (Administration) Act 1999

• section 20, Determination of rate may be based on estimate, indexed estimate or indexed actual income
• section 20A, Indexed estimates
• section 20B Indexed actual incomes
• section 20C Indexed estimates and indexed actual incomes of members of couples

Estimate not reasonable

A New Tax System (Family Assistance) (Administration) Act 1999, section 28A, Variation of instalment entitlement determination where estimate of an amount is not reasonable

Reassessments

A New Tax System (Family Assistance) (Administration) Act 1999

• section 31A, Variation of instalment entitlement determination to reflect revised adjusted taxable income estimates
• section 31, Variation of instalment entitlement determination to reflect changes in eligibility

Child Care Subsidy

A New Tax System (Family Assistance) (Administration) Act 1999

Division 4 - Estimates etc. of adjusted taxable income

• section 67DB, Determinations when adjusted taxable income is not known
• section 67DC, Indexed estimates
• section 67DE, Indexed estimates and indexed actual incomes for members of couples