The Child Support Agency takes into consideration a various range of income amounts when determining how much child support each parent is liable to pay.
An “income amount” (as defined by the Department of Human Services) includes:-
– personal earnings (eg wages, salaries, bonuses, commission, etc),
– monies (cash)
– valuable consideration (eg you receive goods, services or other benefits in exchange for an item, action or promise)
– profits (amount of earnings in excess of its expenses)
Other examples of income include financial investments and non-Australian income.
Weekly workers’ compensation payments are considered income when calculating a parent’s child support obligations.
When a parent receives compensation after a personal injury claim, the lump sum may be taken into account by the Child Support Agency in deciding whether child support payments should be altered.
In addition, if a parent is in arrears with their child support payments, the Child Support Agency may collect the payments in arrears from the compensation payment.
GC Law are experts in workers’ compensation claims and we are here to help you.
If you need legal advice on any personal injury claim contact GC Law now on 1300 302 318 or visit our Free Case Review page, we’ll review all the details of your case and potential claim first, to determine if you have a good chance of success in claiming a compensation payout.