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 social security payments. 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.A.62 Adjusted taxable income (CSHC)

Definition

For the purposes of CSHC, an individual's ATI for the tax year (1.1.T.10) is:

  • the SUM of the following amounts for that year

    • taxable income (1.1.T.20), disregarding the individual's assessable First Home Super Savers Scheme released amount (within the meaning of the Income Tax Assessment Act 1997) for that year
    • employer provided fringe benefits for the applicable tax year
    • target foreign income
    • total net investment loss, and
    • reportable superannuation contributions.

Act reference: SSAct section 1071-3 Adjusted taxable income, section 10A(2)-'target foreign income'

Policy reference: SS Guide 3.9.3.30 Assessment of income for CSHC

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