Income Related Rent : Contents
Assessable income
Assessable income is the income used in the calculation of the rate of Income Related Rent.
The assessable income is the estimate of a client's net weekly income (i.e. after tax) from all sources, and after the deduction of any Accident Compensation Corporation (ACC) premiums or levies.
Assessable income includes:
- assessable income of applicable people, including income from assessable assets and
- a portion of the family tax credit, if the applicable people are entitled to get it
Note:
- Contributions from additional occupants are not included as assessable income. When calculating Income Related Rent, 62% of the total contributions are added to the calculated rent amount. For more information see: Contributions from additional occupants.
- Best Start tax credit and in-work tax credit are not included as assessable income
- from 1 July 2023, most types of Child Support are included as assessable income. For more information see: Child Support included as assessable income from 1 July 2023
Combined income sources
The total amount of assessable income of all applicable people is included in determining the assessable income.
For more information see:
Legislation
- Calculating income-related rents section 107 Public and Community Housing Management Act 1992
- Assessable income section 108 Public and Community Housing Management Act 1992
- Assessable assets section 111 Public and Community Housing Management Act 1992
- Estimating weekly income section 113 Public and Community Housing Management Act 1992
- Certain amounts included in weekly income section 109 Public and Community Housing Management Act 1992
- Calculation mechanism may include amounts in or exclude amounts from weekly income section 110 Public and Community Housing Management Act 1992
- Public and Community Housing Management (Prescribed Elements of Calculation Mechanism) Regulations 2018
