Commonwealth Numbered Acts

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A NEW TAX SYSTEM (BONUSES FOR OLDER AUSTRALIANS) ACT 1999 - SECT 7

Annual business and wages income
A Family and Community Services customer's annual business and wages income for the purposes of this Part is worked out as follows:

Method statement

Step 1. Work out what would be the customer's annual retirement income if it were worked out under subsection 6(2). Step 2. Work out how much of the step 1 amount is attributable to income from a business carried on by the customer, or to salary and wages earned by the customer. The result is the customer's annual business and wages income .



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