hi just wondering if antone knows about child supports prescribed payments.
What can be claimed under the prescribed payments?
Third party payments are payments made by the paying parent to a third party on behalf of the receiving parent.
Examples of third party payments include:
•food, clothing and household goods
•rent, mortgage payments
•payments not in money, such as free accommodation or household repairs
•health insurance or payments for medical or dental treatment
•school fees, tuition or child care expenses
•loan, credit card and store account repayments
•travel or holiday expenses
•bills such as gas, electricity, telephone or council rates
•motor vehicle expenses
•sports club and coaching fees or other sporting expenses.
We can only credit both these types of payments if both parents agree these payments were made in lieu of child support.
If parents don’t agree about a payment
Prescribed payments are certain payments that can be credited as child support even if the parent receiving child support doesn’t agree the payment was in lieu of child support. As long as the paying parent pays 70 per cent of their normal monthly child support payment on time, a maximum of 30 per cent of the monthly payment can be credited in this way.
Prescribed payments can be for child care costs, school fees, school uniform and book fees, essential medical and dental items, the other parent’s share of rent, mortgage, utilities and rates, or some motor vehicle costs.
We only credit prescribed payments if the paying parent has less than 14 per cent (regular) care for all the chidren of the assessment. This is because if you have more than 14 per cent care of any of the children, the direct costs you incur when you care for the children are recognised in the child support formula.
If both parents agree the prescribed payment was made for the purpose of child support, then the payment can be credited as a direct or third party payment regardless of your percentage of care.
Hope that helps smile