STINMOD+ is designed to comprehensively cover the tax and transfer system in Australia, encompassing all major legislated policy measures. We broadly categorise the Australian transfer system into three components: family related benefits; pensions; and allowances, given their differences in targeting.
Family benefits are the main benefits related to childcare support in Australia. STINMOD+ also estimates the benefits that are usually paid together with FTB, such as rent assistance. The model currently covers
Pensions are benefits paid without the expectation that the beneficiary will return to the labour market. This is by far the largest component of the Australian welfare system. STINMOD+ simulates both the main benefits and the associated supplements, such as pension supplement, telephone allowance etc. The model currently covers
Allowances are benefits designed to provide temporary economic relief. It is generally expected that the beneficiaries will return to the labour market. STINMOD+ simulates both the main benefits and the associated supplements. The model currently covers
On the taxation side, the model currently covers
The Australian transfer system is heavily means-tested and the amount a beneficiary may receive is dependent on income, wealth, and individual family circumstance. Correct implementation of the income and assets testing is crucial in the Australian context as more than 40% of the age pension payout, the largest part of the social security system in Australia, are reduced by means-testing, and among those partial pensioners, more than 44% were identified due to asset testing. STINMOD+ has significantly increased its means-testing coverage compared with the earlier STINMOD model.
It should be noted that the model covers 2001 onwards which means certain policies listed above may have been abolished or replaced. STINMOD+ maintains a longitudinal consistent parameter database for all policies in all available years.