1.1.R.25 Relevant period (FTB)

Definition

For the purposes of FTB, the relevant period for the assessment of maintenance (1.1.M.10) income is the period that a payee is entitled to receive maintenance from a payer during a financial year.

Exception: The relevant period does not apply to capitalised maintenance income. Capitalised maintenance income is assessed separately.

Act reference: FAAct Schedule 1 clause 20A Annualised amount of maintenance income, Schedule 1 clause 24 Apportionment of capitalised maintenance income

Last reviewed: 1 July 2020