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A parent (or a non parent carer who is an eligible carer) can apply to the Child Support [url=http://www.sandvikfw.net/shopuk.php]hollister sale[/url] Agency ("the CSA") for an Administrative Assessment of Child Support ("the Assessment") for a child pursuant to the Child Support (Assessment) Act 1989 ("the Act"). An Assessment sets out the amount of child support a parent may be entitled to receive or is obliged to pay.

HOW DOES THE CHILD SUPPORT [url=http://www.mnfruit.com/louboutinpascher.php]louboutin pas cher[/url] AGENCY DETERMINE WHAT AMOUNT OF CHILD SUPPORT SHOULD BE PAID?

When the CSA issues an Assessment there are [url=http://www.jeremyparendt.com/jimmy-choo.php]jimmy choo paris[/url] a number of matters that the CSA considers.

First and foremost the child support formula is based on a shared income approach. That is, the CSA takes into account the income available (to both parents) to calculate a parent's responsibility to pay child support. The legislation recognises shared parenting and the contribution parents make toward the costs of children through direct care and also takes into account the income and financial resources of both parents.

A parent's child support income includes an adjusted taxable income less a "self support amount", less any relevant dependent child amount less any multi case allowance.

When assessing a parent's "adjusted taxable income" the following matters are considered by the CSA for each relevant year:

? taxable income;

? reportable fringe benefits;

? target foreign income;

? net financial investment loss

? total tax free pensions;

? employment benefits; and

This includes net rental losses and financial investment losses (eg. Shares, managed investment and forestry managed investments) which exceeds the gross income from those investments.
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? reportable superannuation contributions

The CSA then divides each parent's individual child support income by the combined child support income to get an "income percentage".

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If it's a positive percentage, that parent needs to pay child support because they aren't meeting their entire share of the costs of the child directly through care.

The amount of child support a parent is liable to pay is determined by multiplying the positive child support percentage with the "costs of the child". The costs associated with caring for children are set out in Schedule "B" to this paper. This final figure is the child support amount the paying parent needs to transfer to the other parent.

This includes salary sacrificed superannuation or other contributions made to a superfund on behalf of parent which is [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] in addition to the minimum contributions an employer must make.

? reportable superannuation contributions

The CSA then divides each parent's individual child support income by the combined child support income to get an "income percentage".

It is then necessary to work out the percentage of care each parent has. This is used to determine the [url=http://www.jeremyparendt.com/Hollister-b5.php]hollister france[/url] percentage of cost [url=http://www.jeremyparendt.com/Hollister-b5.php]hollister[/url] of a child that each parent is meeting through the care they are providing for that child. Schedule "A" sets out the care and cost percentages.

The CSA then subtracts the cost percentage from the income percentage for each parent. The result is called the child support percentage. If it's a negative percentage, that parent may receive child support because their share of the costs of children is being more than met by the amount of care they are providing.

If it's a positive percentage, that parent needs to pay child support because they aren't meeting their entire share of the costs of the child directly through care.

The amount of child support a parent is liable to pay is determined by multiplying the positive child support percentage with the "costs of the child". The [url=http://www.mnfruit.com/airjordan.php]jordan pas cher[/url] costs associated with caring for children are set out in Schedule "B" to this paper. This final figure is the child support amount the paying parent needs to transfer to the other parent.

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