1.1.I.30 Income excess (CCB)
For the purposes of CCB, the income excess is the amount of an individual's income (1.1.I.20) above the income threshold (1.1.I.70) for the financial year. The excess is used in calculating an individual's taxable income percentage (1.1.T.30) that, in turn, is used to calculate their CCB percentage (1.1.C.10). The CCB percentage, in turn, is used when calculating an individual's adjustment percentage (1.1.A.40) and, therefore, their CCB entitlement (1.1.E.30) for approved care.
The income excess is calculated using the following formula:
Act reference: FAAct Schedule 2 clause 8 Taxabe income % if adjusted taxable income exceeds lower income threshold and if neither individual nor partner on income support
Policy reference: FA Guide 18.104.22.168 CCB Overall Rate Calculation - Approved Care, 22.214.171.124 Calculating the Approved Care Adjustment Percentage, 126.96.36.199 Calculating the Approved Care CCB Percentage, 188.8.131.52 Calculating the Approved Care Taxable Income Percentage