An ACO that is eligible for FTB Part A receives an annual rate of $1,416.20 for 0-19 year olds (until the end of the calendar year in which they turn 19). ACOs cannot be paid:
Policy reference: FA Guide 220.127.116.11 Current FTB Rates & Income Test Amounts
There is no income test for ACOs.
An ACO cannot share the care of an FTB child, and therefore cannot be paid a part rate of FTB.
Explanation: A determination to share FTB can only be made when 2 or more individuals share the care of an FTB child. Each individual must care for the child for between 35% and 65% of the assessment period.
Act reference: FAAct section 59 Shared care percentage where individual is FTB child of more than one person who are not members of the same couple
Last reviewed: 2 January 2013