South Australia and the Northern Territory share a system: the SACE Board (and NTCET in the Territory) assesses subjects, and SATAC calculates the ATAR. It is the only mainland system built on grades and credits rather than marks out of 100, which changes how you should think about it.
Each Stage 2 subject is worth 20 credits (a full-year subject) or 10 credits (a semester subject). You receive a grade from A+ to E-, which the SACE Board arrives at by combining school assessment (70%) with external assessment (30%) after moderation.
SATAC turns each grade into a raw score out of 15 for a 20-credit subject, then scales it to a score out of 20 (or out of 10 for a 10-credit subject).
Scaling adjusts each subject for the strength of the students who took it, and is recalculated every year. SATAC publishes the aggregate-to-ATAR conversion table but not a per-subject scaling table, so calculators have to model per-subject scaling. Ours uses a representative model for scaling and SATAC's official conversion table for the final step.
Your University Aggregate is built from 90 credits of Tertiary Admissions Subjects (TAS):
The maximum aggregate is 90. SATAC ranks every aggregate against the SA and NT age cohort to produce ATARs from 99.95 down to 30.00 in 0.05 steps.
A student completes five 20-credit subjects with grades of English A-, Mathematical Methods B+, Chemistry B, Psychology A and Legal Studies B+, plus AIF (10 credits) at A.
Sources
Figures in worked examples are illustrative. Scaling and rank conversions are recalculated by each admissions centre every year, so treat every estimate as a guide, not a prediction.