The STINMOD+ Online Family Model is the complete version of the STINMOD+ Online, which allows the user to modify more detailed parameters such as the tax deduction, mixed pre- and post- tax superannuation contribution.
An example of the family model use
Step 1: On the main menu list, click STINMOD+ Online and choose STINMOD+ Advanced Model.
Step 2: Choose STINMOD+ Online Family Model.
Step 3: The online questionnaire is opened. There are four main sections: family information, family member information, base financial year selection, and policy reform selection. Definition or explanation of questions are located right after the questions. All questions have their default values shown in the relevant boxes. You can leave as it is or change the information by ticking, typing a number or selecting an option from drop-down list. Some hidden questions can appear when you tick the box or choose a related option. In the section Add your family member, you can select each member in a relevant group (e.g., Working adult, Retiree, School-age child...) and revise the information of that member. You can add more members in the family by continuing to select this section. Note that a maximum of two adults are allowed but there is no limitation on the number of dependent children. In the section Select financial year, you can choose a current financial year, past year or future year as the base year with or without comparing with the policy reform proposed in the next section. If you don't select the section Add policy reform, the model only show the results in the base year. If you select this section, you can propose any change in policy parameters as you want. There are six main policy groups (Tax, Medicare, FTB, Child care benefit/subsidy, Allowance, and Pension) and changes in any or all groups are allowed by selecting each group each time. Note that each group can be chosen once only, but you can continue to select other groups to get a fully proposed tax and benefit policy system. Defaults values are given in all policy parameters, which reflect the current social security system of Australia.
The thresholds and the benefit amount of the following policies can be modified
The model can be accessed here.