Issues with child support minimisation: part 1
Published Date: 31 Oct 2024
The Child Support (Assessment) Act 1989 (Cth) obliges parents to provide financial support for their children until the age of 18, and calculates the obligation by reference to each parent’s adjusted taxable income. The use of the adjusted taxable income metric enables tax practitioners (and others) to provide advice that would allow a parent to reduce or avoid an obligation to pay child support. In this part 1 of a three-part article, the author identifies the destructive effect of policies designed to win votes without regard to the integrity of the child support regime. The author observes that a tax practitioner’s involvement in child support minimisation has attracted the attention of the Tax Practitioners Board.
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- Published By: Chris Wallis CTA
- Published On:31 Oct 2024
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