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For the purposes of CCB, the income excess is the amount of an individual's income (1.1.I.20) above the income threshold (1.1.I.70) for the financial year. The excess is used in calculating an individual's taxable income percentage (1.1.T.30) that, in turn, is used to calculate their CCB percentage (1.1.C.10). The CCB percentage, in turn, is used when calculating an individual's adjustment percentage (1.1.A.40) and, therefore, their CCB entitlement (1.1.E.30) for approved care.
The income excess is calculated using the following formula:
ATI (1.1.A.20) - income threshold.
Act reference: FAAct Schedule 2 clause 8 Step 2 Taxable Income Percentage
Policy reference: FA Guide 3.5.2.10 CCB Overall Rate Calculation - Approved Care, 3.5.2.20 Calculating the Approved Care Adjustment Percentage, 3.5.2.30 Calculating the Approved Care CCB Percentage, 3.5.2.40 Calculating the Approved Care Taxable Income Percentage
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Last reviewed: 6 April 2009
