1287.0 - Standards for Income Variables, Jun 2015

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 30/06/2015

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Summary + Conceptual Framework for Income + Total Income Introduction to the Standard Collection of Variable Data Processing the Data Presenting the Data Appendix A: Basic Income Module - Personal Interview Appendix B: Basic Income Module - Telephone Interview Appendix C: Short Income Module - Personal Interview Appendix D: Short Income Module - Telephone Interview Appendix E: Aboriginal and Torres Strait Islander Income Modules Appendix F: Exclusions from the Nominal and Operational Definitions of Total Income + Sources of Income + Equivalised Household Income + Main Source of Income References About this Release	PROCESSING THE DATA CODING Standard input The standard input for income is actual dollar amounts. In collections using income ranges, the input categories are those ranges. Income can have positive, zero or negative values. While most incomes are reported as a positive value, people can report negative incomes if they incur losses in their unincorporated businesses or have negative returns from their investments. 'Total income' is a continuous variable, that is, a variable that can take on any of a range of values. 'Total income' is classified according to its components, that is, the source of income. The classification criteria An individual may receive income from more than one source. 'Total income' is the sum of the following income components, before income tax and the Medicare Levy and the Medicare Levy Surcharge are taken out: employee income profit or loss from self employment (own unincorporated business income) government pensions and allowances investment income superannuation pensions and annuities other current transfers received. The classification is a three level hierarchal classification that groups sources of income at the broad, narrow, and detailed levels. At the broad, or top, level of the classification for 'Total income', the income components are grouped according to whether they are received from: an employer, including their own incorporated business a profit or loss from their own unincorporated business a government pension or allowance paid by a government entity under social security and related government programs any other source. This is output as 'Other income'. Investment income, superannuation pensions and annuities, and other current transfers are grouped together (under 'Other income') in output as generally finer levels of disaggregation are not supported by the estimates due to low numbers receiving income from these sources. At the narrow, or second, level of the classification, 'Any other source' is classified according to whether income is received from: investments, that is, income received as a result of the ownership of financial and non-financial assets superannuation pensions and annuities other current transfers other income nec. At the detailed, or third, level of the classification, investment income, government pensions and allowances, and other current transfers are further broken down into their component groupings as outlined in the next section. The standard classification This section presents the standard classification for 'Total income' broken down into its component parts, that is individual 'Sources of income'. *Broad level* 1 Employee income 2 Unincorporated business income 3 Government pensions and allowances 9 Other income *Narrow level* 1 Employee income 11 Employee income 2 Unincorporated business income 21 Unincorporated business income 3 Government pensions and allowances 31 Government pensions and allowances 9 Other income 91 Investment income 92 Superannuation pensions and annuities 93 Other current transfers received 94 Other income nec (not elsewhere classified) *Detailed level* 1 Employee income 11 Employee income 1101 Employee income 2 Unincorporated business income 21 Unincorporated business income 2101 Unincorporated business income 3 Government pensions and allowances 31 Government pensions and allowances 3101 Age Pension 3102 Newstart Allowance 3103 Service Pension (DVA) 3104 Disability Support Pension (Centrelink) 3105 Wife Pension 3106 Sickness Allowance 3107 Widow Allowance (Centrelink) 3108 Special Benefit 3109 Partner Allowance 3110 Carer Payment 3111 Family Tax Benefit 3112 War Widow(er)'s Pension (including income support supplement) (DVA) 3113 Disability Pension (DVA) 3114 Parenting Payment 3115 Carer Allowance 3116 Youth Allowance 3117 Austudy / ABSTUDY 3118 Paid Parental Leave Scheme 3119 Schoolkids Bonus* 3198 Pensions and allowances from overseas governments 3199 Other government pensions and allowances nec No longer applies after 1 July 2016 9 Other income 91 Investment income 9101 Interest 9102 Dividends 9103 Rent 9104 Royalties 9199 Investment income nec 92 Superannuation pensions and annuities 9201 Superannuation pensions and annuities 93 Other current transfers received 9301 Workers' compensation 9302 Payments from accident/sickness insurance 9303 Transfers from other households 9304 Scholarships 9399 Other current transfers nec 94 Other income nec 9499 Other income nec Coding procedures* The coding procedures can be found in the standard for Sources of income. Income receipts not separately identified in the classification are included in the relevant residual or 'Not elsewhere classified' (nec) categories. Document Selection These documents will be presented in a new window.