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1.1.M.20 Maintenance income credit (MIC)

Definition

A maintenance income credit is a balance of unused amounts of MIFA (1.1.M.21) from previous income years. When an FTB recipient or partner receives arrears of maintenance income (1.1.M.10), the balance is drawn upon to reduce the amount of arrears counted under the maintenance income test.

 

Policy reference: FA Guide 3.1.7.05 Maintenance Income Credit

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Last reviewed: 6 April 2009


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Last Edited: 07/08/2012 10:27:52 AM


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