Document ID: chunk:federal_register_of_legislation:C2004A01294:clause:1_32j
Version: federal_register_of_legislation:C2004A01294
Segment Type: clause
Provision Reference: sch 1 cl 32J
Character Range: 23262–24323

32J  Relevant reconciliation time—individual not required to lodge an income tax return

 (1) This section applies to the first individual for a same‑rate benefit period if:
 (a) the first individual; or
 (b) any other individual (other than an FTB child of the first individual) whose adjusted taxable income is relevant in working out the first individual's entitlement to, or rate of, family tax benefit for the same‑rate benefit period;
is not required to lodge an income tax return for the relevant income year.

 (2) The relevant reconciliation time is whichever is the earlier of the following times:
 (a) the time after the end of the relevant income year when the first individual notifies the Secretary of the amount of the first individual's adjusted taxable income for the relevant income year;
 (b) the time after the end of the relevant income year when the Secretary becomes satisfied that the first individual's adjusted taxable income for the relevant income year can be worked out without receiving a notification from the first individual.