Senate

Supplementary Explanatory Memorandum

(Circulated by the authority of the Treasurer the Hon John Dawkins MP)

General Outline and Financial Impact of the Amendments

The supplementary amendments will amend the Child Support Legislation Amendment Bill (No.2) 1992 to:

(1)

include a statutory tolerance before penalty is imposed in cases where an estimate of income is used in a child support assessment and the taxable income ultimately assessed is 10% or more greater than the estimate.

(2)

insert a new provision to ensure consistency of treatment at law of income amount orders made by courts and income amount determinations made by the Registrar which have the same effect.

(3)

correct 5 other minor matters in the Bill including 2 consequential amendments.

The supplementary amendments do not change the thrust or the intentions of the Bill and have no financial impact before 30 June 1994. Thereafter there may be some addition to revenue if penalty is imposed.