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.