19Prescribed earnings

##### 19 Prescribed earnings (1) For the purposes of this Act, the amount of the prescribed earnings of a sole applicant or of joint applicants is: (a) in the case of a sole applicant—the amount of the taxable income of the applicant for the relevant year of income; or (b) in the case of joint applicants—the sum of the amounts of the taxable income of each applicant for the relevant year of income in relation to that applicant. (2) For the purposes of subsection (1), in relation to an applicant in relation to whom a direction is in force under section 22, the amount of the taxable income of the applicant for the relevant year of income is that amount as reduced in accordance with the regulations.