Document ID: chunk:federal_register_of_legislation:F2023L00533:body:0:p9
Version: federal_register_of_legislation:F2023L00533
Segment Type: other
Provision Reference: 
Character Range: 21556–24344

– if at any time during the *income year the person and their spouse (married or de facto) had to live apart due to illness, or the person or their spouse was in a nursing home; or

           (iii)        $28,975 – if at any time during the *income year the person and their spouse (married or de facto) lived together.

If a person is covered by more than one category in paragraph (2)(b) during the *income year, the person is taken to be covered by category (2)(b)(i) or, if category (2)(b)(i) does not apply, category (2)(b)(ii).

Table L

An Australian resident non-profit company whose *taxable income for the *income year was $416 or less.

An entity within the meaning of section 960-100 of the ITAA 1997, the income of which is exempt from income tax under Division 50 of the ITAA 1997.

A State or Territory body, the income of which is exempt from income tax under the provisions of Division 1AB of Part III of the ITAA 1936.

Table M

Any *person that for the whole of the *income year was a subsidiary member of a:

       (1)           consolidated group (as defined in Division 703 of the ITAA 1997); or

       (2)           MEC group (as defined in Division 719 of the ITAA 1997).

Table N

A *person who:

       (1)           has made an election under former section 485AA of the ITAA 1936 or an election under paragraphs 830-10(2)(b) or 830-15(5)(b) of the ITAA 1997, so that:

           (a)           their interest is treated as an interest in a *foreign hybrid (under Division 830 of the ITAA 1997) for the *income year; and

           (b)           the interest does not pass the non-portfolio interest test within the meaning of section 960-195 of the ITAA 1997, ignoring interests held by associates of the holding entity; or

       (2)           is an individual and the only income derived jointly (or in common) with another individual was:

           (a)           rent from a jointly owned property;

           (b)           interest from a jointly held account in a financial institution; or

           (c)           dividends from jointly held shares;

    where they were not in a partnership carrying on a business.

Note: A partner is required to include details of all relevant income, expenditure and deduction items, as well as distribution details in their own tax return.

Table O

Any trustee of a resident trust estate of a deceased person where each of the following apply;

       (1)           the deceased person died less than 3 years before the end of the *income year;

       (2)           no beneficiary is presently entitled to a share of the income of the trust estate;

       (3)           the net income of the trust estate under section 95 of the ITAA 1936 is less than $18,201; and

       (4)           there are