1.1.W.20 Weekly income excess (CCB)

Definition

For the purposes of CCB, an individual's weekly income excess is calculated using the following formula:

• (ATI (1.1.A.20) - income threshold (1.1.I.70))/52

Act reference: FAAct Schedule 2 clause 8 Taxable income % if adjusted taxable income exceeds lower income threshold and if neither individual nor partner on income support

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Last reviewed: 6 April 2009