Rates
CO029 – A guide to Australian Government payments
Examples of rate calculations with and without Working Credit
This table describes how to calculate rates of payments with and without Working Credit.
These amounts may not be current. They are examples only. For current payments, see Rates and thresholds.
Expand tableItem | Description |
1 | Example - no Working Credit
Customer has ordinary income of $350 per fortnight. Using maximum rate of $644 (Independent) and income free area of $178 per fortnight: - affecting income ($350 - $178) x 50% = $86
- amount payable $644 (max rate) - $86 (affecting income) = $558.40
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2 | Example - with Working Credit
Customer has employment income of $490 per fortnight, other income of $380 per fortnight and Working Credit balance of $500. Using maximum income support payment rate of $644 and income free area of $178 per fortnight: - assessable employment income is nil as it is below the Working Credit balance. Working Credit balance is amended to $10.
- affecting income ($380 - $178) x 50% = $101
- amount payable $644 (max rate) - $101 (affecting income) = $543.40
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