This topic describes the FA payments and amounts included in reconciliation.
The reconciliation of FTB covers all components that make up the payment comprising:
Payments of CCB for registered care and for periods for which an individual receives SCCB are not reconciled.
Explanation: There is only one rate of CCB for registered care. SCCB is an entitlement based on special circumstances. Both CCB for registered care and SCCB are not income tested and therefore not reconciled.
From July 2011, the payment of CCR occurs in one of the following ways:
The following payments are not reconciled:
FTB or CCB paid in respect of an individual's entitlement for the relevant income year (1.1.R.23) are included in reconciliation.
The reduction of an individual's FTB Part A rate due to receipt of an FTB advance is part of the rate calculation process for FTB. Reconciliation compares the individual's FTB entitlement based on an estimate with their rate based on ATI. The FTB Part A amounts that are compared in this process are the amounts as reduced by the FTB advance repayment, but the advance payment itself is not taken into account in this process.
The initial receipt of an advance will not be affected by variations to FTB Part A entitlement applicable to the advance assessment day (1.1.A.55) in the reconciliation process if the variation is caused by the individual or child's actual ATI (1.1.A.20) or maintenance income only. However, variations to FTB entitlement applicable to the advance assessment day as a result of changes in other circumstances may affect the individual's entitlement to an advance amount issued, whether these changes are identified as a result of the reconciliation process or otherwise.
Act reference: FAAct Schedule 1 Part 5 Division 4 Reduction for FTB advance
FA(Admin)Act section 35A Entitlement to FTB advance, section 35C Amount of FTB advance, section 71A Debts arising in respect of FTB advances
Last reviewed: 1 July 2013