For the purposes of FTB, a formula assessment is an assessment made by Child Support under the Child Support (Assessment) Act 1989 of the payer's (1.1.P.72) child support (1.1.C.20) liability. This assessment applies the child support formula against the payer's assessable child support income.
Act reference: Child Support (Assessment) Act 1989 refer to Part 5 Administrative assessment of child support
Policy reference: FA Guide 22.214.171.124 Child Support Assessments
Last reviewed: 20 March 2013