Completing G item A3 Income from employment or business will ensure our super co-contribution system correctly calculates your employment income or income earned from carrying on a business if you had:
- any 2009-10 employment income or business income on your 2010 tax return, which you do not include in worksheets 1 or 3, and is not shown at items 1, 2, 3, 4 (other than death benefits), B at item 12, IT1 or IT2 of your 2010 tax return, or P1 or P8 in your Business and professional items schedule for individuals 2010
- any deductions in relation to business income that are not shown at item P8 in your Business and professional items schedule for individuals 2010, and are not shown in worksheets 2 or 4
- any income at items 1, 2, 3, 4 (other than death benefits), 12, IT1 or IT2 that is not attributable to employment in 2009-10 (for example, because you ceased work for that employer before 1 July 2009), or
- any personal services income at item P1 of your Business and professional items schedule for individuals 2010 which is not related to your employment or the carrying on of a business, or income at P8 that is not related to you carrying on a business.
Worksheet 5: Adjustments
Step 1 Calculate the total of any employment income from 2009-10 or business income that you do not show:
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(k) |
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Transfer this amount to (k) in worksheet 6. |
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Step 2 Calculate the total of any income that was not from employment in 2009-10 or from business, which you show:
This includes income from employment that ceased before 1 July 2009. |
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(q) |
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Transfer this amount to (q) in worksheet 6. |
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Step 3 Calculate any other adjustments that are needed to accurately reflect your total income, eligible income or business deductions. |
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Amount to include in total income |
(l) |
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Amount to include in eligible income |
(m) |
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Amount to include in business deductions |
(n) |
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Transfer these amounts at (l), (m) or (n) in worksheet 6 accordingly. |
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For example, if you have any business deductions other than those you included in the deduction items at item P8 in the Business and professional items schedule for individuals 2010, or which are taken into account as business deductions in worksheets 2 or 4, these should be added at (n) in worksheet 6. An adjustment may also be appropriate if at an income item you have shown an amount that is net of deductible expenses, rather than recording your full assessable income, or if at a deduction item you have recorded an expense net of assessable income, rather than recording your full deduction. If this is the case, you will need to include these amounts at (l), (m), or (n) in worksheet 6 to make adjustments for the purposes of F (to adjust for assessable income), G (to adjust for eligible income) and H (to adjust for business deductions) of item A3. |
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