Previous parental income reassessment thresholds
From 1 September 2007
From 1 September 2007, Student Allowance parental combined taxable income can be reassessed if that income decreases by at least 25%.
Before 1 September 2007, the minimum decrease in combined parental taxable income that is required before that income can be reassessed depends on the amount of income the parents are originally assessed at. These thresholds are:
From 28 September 2006
Income | Minimum decrease required |
Over $40,000 | 25% |
$40,000 | $10,000 |
$37,000 to $39,999 | $9,000 |
From 1 September 2005
Income | Minimum decrease required |
Over $40,000 | 25% |
$40,000 | $10,000 |
$37,000 to $39,999 | $9,000 |
$34,000 to $36,999 | $8,000 |
From 1 January 1999
Income | Minimum decrease required |
Over $40,000 | 25% |
$40,000 | $10,000 |
$37,000 to $39,999 | $9,000 |
$34,000 to $36,999 | $8,000 |
$31,000 to $33,999 | $7,000 |
$29,000 to $30,999 | $6,000 |
$27,000 to $29,999 | $5,000 |
$25,000 to $26,999 | $4,000 |
$23,000 to $24,999 | $3,000 |
$21,000 to $22,999 | $2,000 |
Under $21,000 | $1,500 |
Current threshold
For the current threshold see:
