1.1.F.50 Formula assessment (FTB)

Definition

For the purposes of FTB, a formula assessment is an assessment made by Child Support under the Child Support (Assessment) Act 1989 of the payer's (1.1.P.72) child support (1.1.C.20) liability. This assessment applies the child support formula against the payer's assessable child support income.

Act reference: Child Support (Assessment) Act 1989 Part 5 Administrative assessment of child support

Policy reference: FA Guide 3.1.6.40 Child Support Assessments

Last reviewed: 16 May 2016