1.1.I.50 Income components (YA)
For the purposes of the YA parental means test, income components included in the combined parental income for the appropriate tax year are:
- taxable income
- adjusted fringe benefits value for that financial year
- target foreign income (1.1.F.160)
- total net investment loss (YA) (1.1.T.105), and
- reportable superannuation contributions (within the meaning of the Income Tax Assessment Act 1997) for that year.
Act reference: SSAct section 23(1)-'taxable income', section 23(1)-'tax year', section 1067G-F10 Combined parental income