1.1.I.10 Income

Definition

For the purposes of PLP and DAPP, a person's income is the ATI for an income year and is worked out in accordance with FAAct schedule 3 (disregarding subclause 2(2) and clauses 3 and 3A of the schedule).

An individual's ATI is:

  • the sum of the following amounts for the relevant income year:
    • taxable income, and
    • the value of any adjusted fringe benefits, and
    • target foreign income, and
    • total net investment losses, and
    • tax free pension or benefit, and
    • reportable superannuation contributions, and
  • less the amount of the individual's deductible child maintenance expenditure.

Act reference: PPLAct section 38 A person's adjusted taxable income

Policy reference: FA Guide Part 3 Rate Calculation

Last reviewed: 8 May 2017