1.1.O.30 Original repayment period (FTB advance)

Definition

The original repayment period for an FTB advance is a period of 182 days in which an individual's FTB Part A is reduced to repay an FTB advance, unless the Secretary has determined a different period for the advance (1.2.8.20) such as:

  • a shorter repayment period
  • an extended or 'new advance' period to accommodate an amount of unrepaid FTB advance

Act reference: FAAct Schedule 1 clause 41(3) Meaning of original repayment period, Schedule 1 clause 42 Secretary determines shorter repayment period, Schedule 1 clause 51 Recalculation of amount of unrepaid FTB advance

Policy reference: FA Guide 1.2.8.20 Variations to FTB advance repayment period

Last reviewed: 20 March 2015