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Making sense of budget changes

Discussion in 'Accounting, Tax & Legal' started by origen, 21st May, 2008.

  1. origen

    origen New Member

    Joined:
    6th Aug, 2007
    Posts:
    3
    Location:
    Melbourne
    I am trying to get my head around the changes that take effect for Family Assistance payments. Is the press release below effectively saying that any deductables, whether they be investment lossess, sal sacrifice, FBT, depreciation, rental losses, etc will be added back to determine eligability for Family Assistance payments? e.g, the Family assistance will be based on your assessable income (not your taxable income).

    Press Release - Fairer Means-Testing of Government Support Programs [13/05/2008]