(WIP)
Family Tax Benefit is a 2 part payment that helps with the cost of raising children.
Family Tax Benefit Part A is paid per child
Family Tax Benefit Part B is paid for a variety of family circumstances
Family Tax Benefit A
Currently calculated off Taxable Income - minor lift to use ATI
We assume you are the parents of dependents (not grandparents)
We assume that children are vaccinated
We assume that children will meet study requirements for the ages of 16-19
We assume you care for dependents at least 35% of the time
We assume you don't have foreign income
We assume you/children are living in Australia and will pass the Residence Rules
We assume that the thresholds do not change over time
We assume you don't get paid child support (i.e. no Maintainence Tests)
We assume you don't travel outside of Australia for more than 6 weeks