Changes to the calculation of Adjusted Taxable Income
Tax exempt foreign employment income and family assistance...
Foreign income exempt from tax is already counted for family assistance. However, foreign employment income exempt from tax that is counted for child support may not currently be counted for family assistance if the income is from a source inside Australia. This is not an intended outcome.
From 1 July 2008, the current treatment for family assistance will change so that these amounts are also counted for family assistance.
Exempt foreign employment income is included in a person's income tax return. You will need to take this amount into account when estimating your income for 2008-09 for Family Tax Benefit or Child Care Benefit.
