1.1.A.45 Adjusted rate of FTB/CCB

Definition: adjusted rate of FTB

The adjusted rate of FTB is a rate less than the individual's legislative rate, paid as a result of an instalment individual's delivery choice.

Definition: adjusted rate of CCB

The adjusted rate of CCB is the CCB % reduction chosen by an individual that reduces or recovers any potential overpayment. The adjusted rate is less than the individual's legislative rate.

Definition: elected rate of CCB

Where an individual in receipt of CCB chooses not to take up the adjusted rate, they may elect to receive a rate between the legislative and adjusted rates - this is known as the elected rate of CCB.

Policy reference: FA Guide 3.5.2.20 Calculating the Approved Care Adjustment Percentage, 4.6.4.10 Adjusted Rate of CCB

Last reviewed: 11 May 2015