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Child Support Legislation Amendment Bill 2001
Schedule 2 Lower cap on income subject to child support formula assessment

   

Child Support (Assessment) Act 1989

1  Section 42

Repeal the section, substitute:

42   Cap on child support if child support income amount exceeds 2.5 times yearly equivalent of EAWE amount

                   If a liable parent’s child support income amount in relation to the days in a child support period exceeds 2.5 times the yearly equivalent of the EAWE amount for the child support period, the liable parent’s adjusted income amount in relation to any day in the child support period is the amount calculated using the formula:

2  Paragraph 52(2)(b)

Omit “relevant AWE”, substitute “EAWE”.