Child Support and Family Assistance Legislation Amendment (Budget and Other Measures) Act 2010

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Child support income estimates

Part 1—Amendments

Child Support (Assessment) Act 1989

1 Subsection 5(1) (at the end of the definition of adjusted taxable income)

Add “and subsections 61(1) and 63(1)”.

2 Subsection 5(1)

Insert:

applicable YTD income amount has the meaning given by subsections 63AF(1) and (2).

3 Subsection 5(1)

Insert:

application period has the meaning given by:

for an election made under subsection 60(1)—subsection 61(1A); and

for an election made under subsection 62A(1)—subsection 63(2).

4 Subsection 5(1)

Insert:

determined ATI has the meaning given by paragraph 64AB(2)(a).

5 Subsection 5(1)

Insert:

estimated ATI amount has the meaning given by subsections 64A(3) and 64AD(3).

6 Subsection 5(1)

Insert:

income component amounts has the meaning given by subsection 60(2).

7 Subsection 5(1)

Insert:

income election means an election made under subsection 60(1) or 62A(1).

8 Subsection 5(1)

Insert:

partial year income amount has the meaning given by:

for an election made under subsection 60(1) to which subsection 60(3) applies—step 2 of the method statement in subsection 60(4); and

for an election made under subsection 62A(1)—step 2 of the method statement in that subsection.

9 Subsection 5(1) (definition of remaining period)

Repeal the definition, substitute:

remaining period has the meaning given by:

for an election made under subsection 60(1) to which subsection 60(3) applies—step 1 of the method statement in subsection 60(4); and

for an election made under subsection 62A(1)—step 1 of the method statement in that subsection.

10 Subsection 5(1)

Insert:

start day for an income election means the day specified in the notice of the income election under subsection 60(8) or 62A(5) as the start day for the income election.

11 Subsection 5(1)

Insert:

underestimated an income amount has the meaning given by subsections 64AF(2) and (3).

12 Subsection 43(1)

Omit “subsection (2)”, substitute “this Part”.

13 Paragraph 44(1)(d)

Omit “remaining period (if the parent has made an election under section 60)”, substitute “application period for an income election (if such an election has been made by the parent)”.

14 Section 55J

Omit:

• A parent can estimate the amount of his or her adjusted taxable income for days in a child support period.

Substitute:

• A parent can estimate the amount of his or her adjusted taxable income for a year of income.

15 Paragraphs 56(2)(d) and 57(7)(b)

Omit “subsection 60(3)”, substitute “paragraph 60(1)(b)”.

16 Subdivision C of Division 7 of Part 5 (heading)

Repeal the heading, substitute:

17 Sections 60 to 60B

Repeal the sections, substitute: