1.1.A.20 Adjusted taxable income (ATI)
Definition
A parent's (1.1.P.10) ATI is the total of the following components:
- the parent's taxable income (1.1.T.20)
- the parent's reportable fringe benefits total (1.1.R.70)
- the parent's target foreign income (1.1.T.10)
- the parent's total net investment loss (1.1.T.50)
- the total of the tax free pensions or benefits (1.1.T.30), and
- the parent's reportable superannuation contributions (1.1.R.80).
Amounts not included in ATI:
- the parent's assessable First Home Super Saver released amount (within the meaning of the Income Tax Assessment Act 1997) for that year of income is not included in taxable income
- National Disability Insurance Scheme (NDIS) amounts
- National Redress Scheme payments
- Territories Stolen Generation Redress Scheme Payments
The year of income for ATI is the last relevant year of income (1.1.L.10), unless the parent has lodged an estimate of income (2.5.1). When an estimate of income for a year has been lodged, the relevant year of income is the current financial year.