The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

1.1.T.10 Target foreign income

Definition

Target foreign income is the total of:

  • the amount of the parent's (1.1.P.10) foreign income that is neither taxable income (1.1.T.20) nor received as a fringe benefit, and
  • any other amount of the parent's income that is exempt from tax under the Income Tax Assessment Act 1936, less the amount of losses and outgoings incurred.

Act reference: CSA Act section 5(1)-‘target foreign income’, section 5B Definition of target foreign income

Income Tax Assessment Act 1936 section 23AF Exemption of certain income …, section 23AG Exemption of income …

Policy reference: CS Guide 2.4.4.20 Adjusted taxable income, 1.1.R.70 Reportable fringe benefits total

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