Document ID: chunk:federal_register_of_legislation:C2013C00026:clause:6_916c:p1
Version: federal_register_of_legislation:C2013C00026
Segment Type: clause
Provision Reference: sch 6 cl 916C (pt 1/2)
Character Range: 222847–225518

916C  The income requirement

 (1) A person satisfies the income requirement for an income year if the person's qualifying income for the year is less than:
 (a) $30,000 if the person is not a member of a couple, and does not have a dependent child, at the claim time; or
 (b) $45,000 if:
 (i) the person is a member of a couple at the claim time; and
 (ii) neither the person, nor the person's partner at that time, has a dependent child at that time; or
 (c) $60,000 if the person has a dependent child at the claim time; or
 (d) $60,000 if the person is a member of a couple at the claim time, and the person's partner at that time has a dependent child at that time.

Qualifying income

 (2) A person's qualifying income for an income year is:
 (a) if the person is a member of a couple at the claim time—the sum of:
 (i) the person's accepted adjusted taxable income for the income year; and
 (ii) the accepted adjusted taxable income for the income year of the person's partner; or
 (b) otherwise—the person's accepted adjusted taxable income for the income year.

Adjusted taxable income

 (3) A person's adjusted taxable income for an income year is the sum of:
 (a) the person's adjusted taxable income (within the meaning of Schedule 3 to the Family Assistance Act, disregarding clauses 3 and 3A of that Schedule) for the income year; and
 (b) any superannuation income stream benefits (within the meaning of the Income Tax Assessment Act 1997) received by the person in relation to the income year, to the extent that those benefits are non‑assessable non‑exempt income (within the meaning of that Act).

Note:  A person's adjusted taxable income (within the meaning of the Family Assistance Act) has several income components (see Schedule 3 to that Act).

Accepted adjusted taxable income

 (4) A person has an accepted adjusted taxable income if:
 (a) the Commissioner of Taxation has made an assessment of the person's taxable income for the income year and, for each of the other components of the person's adjusted taxable income for the income year, either or both of the following apply:
 (i) the Commissioner holds information about the component;
 (ii) to the extent that the Commissioner does not hold information about the component—the Secretary accepts under subsection (5) an estimate of the component; or
 (b) the Secretary accepts under subsection (6) an estimate of the person's adjusted taxable income for the income year.

Note: For paragraph (a), a person's taxable income is a component of the person's adjusted taxable income (see Schedule 3 to the Family Assistance Act).

When the Secretary may accept estimates

 (5) The Secretary