Act reference: SSAct section 916C(3) A person's adjusted taxable income
FAAct Schedule 3 clause 2 Adjusted taxable income
A person has an accepted ATI for LIS if they have a TNA, and for each of the other components of the person's ATI, either the Taxation Commissioner holds information about the component, or a reasonable estimate of the component is accepted by the Secretary.
Where a person does not have a TNA, an estimate of their ATI may be accepted. The estimate will only be accepted where the person's estimated taxable income is less than the tax-free threshold for the income year and that the estimate of the person's ATI components are deemed reasonable, and the person has not lodged and is not required to lodge an income tax return for the income year.
Act reference: SSAct section 916C(4) Accepted adjusted taxable income
Policy reference: SS Guide 3.15.3 LIS - Qualification & Payability
Last reviewed: 1 June 2012