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.P.428 Profit

Usage

This definition applies to all payments.

Definition

'Profit', for a business, is the amount of earnings in excess of its expenses over a relevant period (e.g. 12 months).

Policy reference: SS Guide 4.3 Ordinary income

Last reviewed: 21 September 2020

The Department of Social Services acknowledges the traditional country throughout Australia on which we gather, live, work and stand. We acknowledge all traditional custodians, their Elders past, present and emerging and we pay our respects to their continuing connection to their culture, community, land, sea and rivers.