Child Support Reform (New Formula and Other Measures) Regulations 2007
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Child Support Reform (New Formula and Other Measures) Regulations 2007
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Turn the raw legal text into a practical explanation grounded in Child Support Reform (New Formula and Other Measures) Regulations 2007.
(1) A liable parent, or a carer, who is a party to a transitional agreement mentioned in an item has the same rights and obligations as if the agreement were an amended Assessment Act agreement mentioned in the item.
| Item | Transitional agreement | Corresponding amended Assessment Act agreement |
|---|---|---|
| 1 | Varying the rate of child support payable | Varying the annual rate of child support payable |
| 2 | Varying the adjusted income amount | Varying a parent’s child support income |
| 3 | Varying the child support income amount | Varying a parent’s adjusted taxable income |
| 4 | Varying the exempted income amount | Varying a parent’s self‑support amount |
(2) In this regulation:
amended Assessment Act agreement, for an item, means an agreement under the amended Assessment Act having the effect mentioned in column 3 of the item.
item means an item in the table in subregulation (1).
transitional agreement, for an item, means a binding child support agreement having the effect mentioned in column 2 of the item.