Child Support Legislation Amendment (Reform of the Child Support Scheme—New Formula and Other Measures) Act 2006
55ASimplified outline
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Turn the raw legal text into a practical explanation grounded in Child Support Legislation Amendment (Reform of the Child Support Scheme—New Formula and Other Measures) Act 2006.
55A Simplified outline
The following is a simplified outline of this Division:
• A parent’s income percentage represents the parent’s capacity to meet the costs of the child.
• A parent’s cost percentage represents the extent to which the parent is taken to have met the costs of the child through care.
• A parent’s child support percentage is the difference between the parent’s income percentage and his or her cost percentage. Generally, if the parent has a positive child support percentage, the annual rate of child support payable by the parent is that percentage of the costs of the child.
• If a parent has multiple child support cases, the annual rate of child support payable by the parent for a child is capped by the parent’s multi‑case cap for the child.