1.1.I.30 Income excess (CCB)

Definition

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:

ATI (1.1.A.20) - income threshold.

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 3.5.2.10 CCB Overall Rate Calculation - Approved Care, 3.5.2.20 Calculating the Approved Care Adjustment Percentage, 3.5.2.30 Calculating the Approved Care CCB Percentage, 3.5.2.40 Calculating the Approved Care Taxable Income Percentage

Last reviewed: 7 November 2016