Can someone please help me understand this benefit?
What is meant by ( from July 1)
" Family Tax Benefit Part A
Income test free area
The higher income test free area for Family Tax Benefit Part A will remain at $94,316. Families with more than 1 child will not receive an add on amount per child."
Is this where it reduces by 30 cents for each dollar above $94,316 ?
Assuming too you don't get the addition p $3,796 for each Family Tax Benefit child ( is this the add on they're talking about)
Hypothetically you earn as a family $94320 then you will get $1.20 less per payment? Is that how it works?