Child Support (Assessment) Regulations (Amendment) 1992 No. 63
EXPLANATORY STATEMENT
STATUTORY RULES 1992 No. 63
ISSUED BY THE AUTHORITY OF THE TREASURER
CHILD SUPPORT (ASSESSMENT) ACT 1989
CHILD SUPPORT (ASSESSMENT) REGULATIONS (AMENDMENT)
The purpose of these Regulations is to prescribe matters that are required or permitted to be prescribed, or which are necessary to be prescribed for giving effect to the Child Support (Assessment) Act 1989 (the Act). Regulations may be made providing they are not inconsistent with the Act.
Each parent's income is taken into account in a child support assessment. The income amount used is the taxable income relating to the income year two years before the child support year adjusted by an inflation factor to bring the amount up to date.
Regulation 6 prescribes the inflation factor to be applied. The Regulation has been amended that regulation to include the inflation factor to update taxable incomes to apply in 1992/93 child support assessments. The inflation factor applicable to that year is 1.045.
The table in regulation 6 is replaced by a new table to include that factor.