What is it?
ATI has the same definition with ATO and CentreLink.
It is used to determine the following:
- CentreLink
- family assistance, low-income supplements, and other benefits
- additional child support payments
- family tax benefit
- parental leave pay, dad and partner pay
- ATO
- HECS/HELP repayments - note ATI for HECS
- DICTO - dependant invalid and carer tax offset
- Super co contribution
- Division 293
- medicare and phi
Formula
It is the total of:
ADD: |
|
ADD (optional) : | ONLY FOR MEDICARE
|
LESS: | child support payments if you seek the following benefits:
|
Formula variation depending on the benefit and assessment
Note that the formula excludes and includes additional things depending on what the assessment is for:
Assessment for: | Formula |
CentreLink
| The formula as mentioned above, as well as reducing the ATI by the amount of Child support you have paid |
HECS | = Taxable income (allows D12 deduction) + Total net investment loss (which includes net rental losses) child support payments DOES NOT reduce your HECS obligation |