2.3.6 Updating the COTC Table, rates, values & factors
Context
The COTC (1.1.C.210) Table, figures, values and factors used by the child support formula (1.1.C.110) are updated in different ways.
On this page
- Figures and values updated on 1 January each year
- Factor updated on 1 July each year
- Gazettal requirements
Figures & values updated on 1 January each year
| Figure & value | Method of updating | Gazettal requirement | More detail |
|---|---|---|---|
| Annualised MTAWE | 52 times the trend MTAWE figure for the June quarter (May reference period). | Yes – the Secretary | 1.1.A.80 Annualised MTAWE figure |
| Self-support amount | Equal to 1/3 annualised MTAWE. Updated in accordance with the updated annualised MTAWE figure. | No | 1.1.S.20 Self-support amount |
| 2/3 default MTAWE income (1.1.D.20) | Equal to 2/3 annualised MTAWE. Updated in accordance with the updated annualised MTAWE figure. | No | 2.3.2 Current formula values |
| Minimum annual rate (1.1.M.20) | Indexed based on the September quarter CPI. | Yes – the Registrar | 2.3.4 Minimum annual rate |
| Fixed annual rate (1.1.F.10) | Indexed based on the September quarter CPI. | Yes – the Registrar | 2.3.5 Fixed annual rate |
| Protected earnings amount | 75% of the maximum fortnightly basic rate of JSP payable at 1 January each year (partnered, 21+ years, no dependent children). | No | 1.1.P.120 Protected earnings |
| Change of assessment (1.1.C.50) Reason 4 – significant income of the child | Maximum basic rate of youth allowance payable to a child under 18 years of age living at home plus the income free threshold applicable to students/Australian Apprentices as at 1 January. | No | 5.2.4 Reason 4 - income of the child |
Factor updated on 1 July each year
| Figure & value | Method of updating | Gazettal requirement | More detail |
|---|---|---|---|
| ATI indexation factor | Calculated based on the trend AWE figure published by the ABS for the December quarter (November reference period). | Yes – the Secretary | 1.1.A.130 ATI indexation factor |
Gazettal requirements
Before the end of each calendar year the following amounts must be published in the Australian Government Gazette for all CSPs (1.1.C.150) (2.4) starting in the following calendar year:
- the MAR (1.1.M.20) of child support (1.1.C.60) (2.3.4)
- the FAR (1.1.F.10) of child support (2.3.5)
- the COTC Table (2.3.1), incorporating
- the updated annualised MTAWE figure (1.1.A.80), and
- other amounts in the COTC Table worked out using the annualised MTAWE figure.
Before the end of each financial year, the AWE amount for the quarter ending on 31 December of that financial year must be published in the Australian Government Gazette.
Act reference: CSA Act section 155 Publication of figures