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.20 Taxable income

Definition

Generally, a parent’s (1.1.P.10) taxable income is the amount assessed by the ATO under income tax legislation for the relevant year of income (1.1.Y.10). An amended taxable income is taken into account in certain circumstances only.

For the purposes of child support (1.1.C.60), any assessable First Home Super Saver released amounts (within the meaning of the Income Tax Assessment Act 1997) for that year of income will be disregarded when working out a parent's taxable income.

Act reference: CSA Act section 5(1)-'taxable income', section 56 Taxable income is assessed …, section 57 Taxable income for child support purposes …

Policy reference: CS Guide 3.1.1 Adjusted taxable income, 3.2.2 Amended tax assessments

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