Summary
Amends the:
A New Tax System (Family Assistance) Act 1999
and
A New Tax System (Family Assistance) (Administration) Act 1999
to introduce a new family tax benefit (FTB) Part B supplement from 1 January 2005;
A New Tax System (Family Assistance) Act 1999
to replace the existing formula for the child income cut-out amount for FTB with a specified indexed cut-out amount; and
Social Security Act 1991
and
Veterans’ Entitlements Act 1986
to exempt aged care accommodation bonds from the operation of the assets tests.