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Financial Support Answer Guide

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LLB243 Answer Guide - this was used in the exam as a template for answering questions involving financial support for children. Also a helpful layout for assignment questions outlining the relevant law and where application is needed.

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6 Pages Partial Study Notes < 1 Year old
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Financial Support Answer Guide
Topics this document covers:
Family Child support Human development Marriage Family law Family Law Act Parent
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

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Topics this document covers:
Family Child support Human development Marriage Family law Family Law Act Parent
Sample Text:
This application can be made at any time by either parent, including x: s98B CSAA (Child Support (Assessment) Act). The amount of child support payable in the assessment is determined in accordance with an 8 step legislative formula: s35, specifically s35A to s55HA CSAA. The key concepts within the formula are: (a) Child support income • Work out x and y taxable income minus a self-support amount, therefore $x and $y minus self-support: s41 CSAA. • Combined child support income: $x minus self-support: s42 CSAA. (b) A parent’s income percentage • Obtained by dividing one parent’s income against the total of both parent’s income, therefore x% for x: s55B CSAA. (c) Costs percentage • This is determined by a sub-formula taking into account the care % to get a cost %: s55C CSAA. (d) Costs of child...
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