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For the purposes of YA, the FAMT is a test applied to a dependent young person whose parent (section 5(1)-'parent') is a designated parent for the FAMT. The expenditure and savings of all assessable family members (section 23(14)) are taken into account to determine the dependent young person's YA entitlement.
This is then compared to the rate worked out under the parental income test (1.1.P.40) and, from 1 July 2010, the rate worked out under the personal income test (4.2.8.50).
The test that produces the lowest rate out of the parental income test, FAMT and personal income test is used.
Act reference: SSAct section 1067G-A1 Method of calculating rate, section 1067G-G1 How to work out effect of actual means of a person's family on maximum payment rate, section 5(1)-'parent', section 23(14) Family member
Policy reference: SS Guide 4.2.9 Dependent YA - Family Actual Means Test
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Last reviewed: 1 July 2010
