Document ID: chunk:federal_register_of_legislation:C2015A00159:clause:1_27
Version: federal_register_of_legislation:C2015A00159
Segment Type: clause
Provision Reference: sch 1 cl 27
Character Range: 11387–12568

27  Point 1067G‑F1
Repeal the point, substitute:

Parental income test result
 1067G‑F1 This is how to work out the parental income test result for a person for the purposes of the method statement in point 1067G‑E1.

      Method statement
           Step 1. Work out whether the person is exempt from the parental income test using Submodule 2. If the person is exempt, go to step 5.
           Step 2. If the person is not exempt, identify the appropriate tax year using Submodule 3.
           Step 3. Work out the person's combined parental income for the appropriate tax year using Submodule 4.
           Step 4. Work out the person's parental income free area using Submodule 5.
           Step 5. If:

                (a) the person's combined parental income does not exceed the person's parental income free area; or
                (b) the person is exempt from the parental income test;

            then the parental income test result for the person is nil.
           Step 6. If the person's combined parental income exceeds the person's parental income free area, then the parental income test result for the person is the amount worked out using Submodule 6.