To open the Rent Calculator, from either the Tenancy screen or the Client Screen, click the button and the Rent Calculator screen will open:
Rent Calculator overview
The large section at the bottom of the screen contains all of the incomes for the entire household (where there is more than one person earning an income in the Tenancy agreement).
Both assessable and non-assessable incomes will appear in this section. Each income has its own line, and comes from the Client screen. The columns are as follows:
Name: The name of the Client who the income belongs to
Relationship: Either 'Primary' (if they are the Primary Tenant) or another relationship type (EG Wife, Cousin, Friend, etc).
Income Type: The type of income the Client has, and can be either standard Centrelink incomes (EG Newstart Allowance, Aged Pension Single, etc) or Wages/Salary etc.
Component: The 'Comments' field from the income
Start Date: The Start Date of the income which will appear on their Centrelink Income Statement or their payslips
Amount: The total amount of the weekly income
Rate: The Rate in which the income will be assessed at for the rent calculator (usually 25% in Community Housing)
Assessable: The amount divided by the rate provides the amount of income that is assessable for rent (Amount / Rate = Assessable)
Include: Whether the income is assessable in the rent calculation or not. All Incomes that have the Include box ticked will be included in rent calculation.
Rent Assistance Section
The Rent Assistance Table on the Rent Calculator shows the maximum rent assistance a household will receive, as per their household composition. This is taken from the CRA field (Commonwealth Rent Assistance) on the Client screen:
NOTE: You can select the Rent Assistance from the Rent Assistance table or the Client screen. Selecting on either will default to the other.
Rent Caculation Section
The Rent Calculations section shows:
% Weekly Income: The total of all assessable income for the household (the same figure that appears at the bottom of the income section:
Threshold Rent: The threshold amount set by Centrelink, which is drawn from the Rent Assistance section of the calculator.
Rent Assistance: The total amount of Rent Assistance the household is entitled to, which is calculated from the Rent Assistance section of the calculator:
Market Rent: The Market Rent of the Room that the Tenant resides, taken from the Rent Record of the Tenancy:
Maximum % of Market Rent: Used in rent calculations, where a percentage of Market Rent is required (EG 74.99% of Market Rent)
Rent Payable: The final figure of the Rent Calculation provides you wit the amount of rent payable for the household each week. This figure is a total of the % Weekly Income + the Rent Assistance figures.
The calculation regarding the amount of the Rent Assistance a Tenancy will receive has been provided to Chintaro by Centrelink. If you believe this figure is wrong, please contact your Centrelink representative.