A key concept commences 1^st July 2009, which affects application of the following measures:-

• Employer share schemes
• Non-Commercial loss rules
• Entrepreneur's Tax Offset

Adjusted taxable income for an income tax year means an individual's:-

• Taxable income
• Adjusted fringe benefits (AFB) total
• Target foreign income
• Net investment losses (NI Losses) (including rental property losses);
• Reportable superannuation contributions, and
• Tax free pension or benefit
  
  Less
  
  
• Deductible child maintenance expenditure