4.3.3.40 Employment income for allowees
Summary
This topic provides information about the following:
- payments covered by this policy
- income assessed for employees (1.1.E.87), and
- exempt income.
Payments covered by this policy
This policy applies to the following benefit payments:
- jobseeker payment
- youth allowance
- austudy payment, and
- special benefit.
Income assessment for employees
The money (or other valuable consideration) paid for remunerative work done by the person as an employee in an employer/employee relationship is assessed as the person's income without any reductions. This income is called employment income (1.1.E.102) and includes, but is not limited to, commissions, salary, wages, employment-related fringe benefits, or a combination of these.
Act reference: SSAct section 8(1)-'employment income'
Seasonal work (1.1.S.60)
Special rules apply to the assessment of income from seasonal work (1.1.S.61).
Income from independent contracting
A contract OF service or labour indicates an employer/employee relationship. A contract FOR services to produce a result indicates self-employment.
Policy reference: SS Guide 4.3.3.20 Income from employment or independent contracting
Exempt income
Some income from employment is exempt from assessment.
Policy reference: SS Guide 4.3.2 Income exempt from assessment