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Child Support Legislation Amendment (Reform of the Child Support Scheme—New Formula and Other Measures) Act 2006
55BWorking out income percentages
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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.
55B Working out income percentages
Work out each parent’s income percentage for a child for a day in a child support period using the formula (worked out to 2 decimal places, rounding up if the third decimal place is 5 or more):
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