Summary
Amends the:
A New Tax System (Family Assistance) Act 1999
and
A New Tax System (Family Assistance) (Administration) Act 1999
to provide for an ongoing increase in the maximum and base rates of family tax benefit (FTB) Part A supplement;
A New Tax System (Family Assistance) Act 1999
,
A New Tax System (Family Assistance) (Administration) Act 1999
,
Income Tax Assessment Act 1936
and
Income Tax Assessment Act 1997
to provide for a new maternity payment and maternity immunisation allowance which will replace the current maternity allowance and the Baby Bonus; and
A New Tax System (Family Assistance) Act 1999
to: reduce the rate at which FTB Part A reduces from the maximum rate to the base rate; reduce the rate at which FTB Part B is withdrawn; and increase the income free area for FTB Part B. Also contains application and transitional provisions.