Document ID: chunk:federal_register_of_legislation:C2004C01135:clause:3_10b:p1
Version: federal_register_of_legislation:C2004C01135
Segment Type: clause
Provision Reference: sch 3 cl 10B (pt 1/4)
Character Range: 157777–160467

10B  Family actual means test definitions

 (1) This section has effect for the purposes of Module G of the Youth Allowance Rate Calculator at the end of section 1067G.

 (2) Unless the contrary intention appears:

actual means has the meaning given by point 1067G‑G8.

AIC scheme means the Commonwealth scheme known as the Assistance for Isolated Children Scheme.

appropriate tax year has the meaning given by point 1067G‑G4.

base tax year has the same meaning as in point 1067G‑F5.

business has the meaning given by point 1067G‑F19A.

claimant/recipient has the meaning given by point 1067G‑G7.

combined parental income has the meaning given by point 1067G‑F10.

designated parent has the meaning given by subsection (3).

family actual means free area has the meaning given by point 1067G‑G14.

income assistance has the meaning given by subsection (4).

independent employment means employment engaged in by a person that is not provided by:
 (a) a family member of the person; or
 (b) a proprietary company, an unlisted public company, a partnership, or a trust, in which the person, or a family member of the person, has an interest.

insolvent under administration has the same meaning as in the Corporations Law.

interest in a trust:
 (a) includes:
 (i) the interest of a settlor in property subject to the trust; and
 (ii) a power of appointment under the trust; and
 (iii) a power to rescind or vary a provision of, or to rescind or vary the effect of the exercise of a power under, the trust; and
 (iv) an interest that is conditional, contingent or deferred; but
 (b) does not include:
 (i) the interest of a person as an agent or creditor of the trustee; or
 (ii) the interest of a person as a person employed by the trustee.

liquid assets means assets that, under subsection 14A(1), are liquid assets for Parts 2.11, 2.11A, 2.12 and 2.14.

net passive business loss, for the appropriate tax year, means a loss that, under subpoint 1067G‑F11(4), is a net passive business loss for that year.

passive business means a business that, under point 1067G‑F19A, is a passive business for the purposes of subpoint 1067G‑F11(4).

relevant person has the meaning given by point 1067G‑G7.

savings has the meaning given by subsection (5).

secondary course means a course that is determined, under section 5D of the Student Assistance Act 1973, to be a secondary course for the purposes of that Act.

secondary student means a person who is receiving youth allowance and is undertaking full‑time study in respect of a secondary course.

trust does not include:
 (a) a trust in relation to an account held in a bank only for the benefit of a dependent child of the trustee; or
 (b)