Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p6
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 6/22)
Character Range: 7741967–7744651

or more entities (the excepted entities) are not required to be consolidated as a single group with one or more other entities because the effect of such consolidation would be immaterial as a result of:
 (i) the size of the excepted entities; or
 (ii) any other matter.

Division 961—Notional tax offsets

Table of Subdivisions
961‑A Dependant (non‑student child under 21 or student) notional tax offset
961‑B Dependant (sole parent of a non‑student child under 21 or student) notional tax offset

Subdivision 961‑A—Dependant (non‑student child under 21 or student) notional tax offset

Guide to Subdivision 961‑A

961‑1  What this Subdivision is about
      This Subdivision provides for a notional tax offset for an income year if you contribute to the maintenance of a non‑student child or a student dependant. The notional tax offset can only be taken into account in working out certain tax offsets under the Income Tax Assessment Act 1936.

Table of sections

Entitlement to the notional tax offset
961‑5 Who is entitled to the notional tax offset

Amount of the notional tax offset
961‑10 Amount of the dependant (non‑student child under 21 or student) notional tax offset
961‑15 Reduced amounts of the dependant (non‑student child under 21 or student) notional tax offset
961‑20 Reductions to take account of the dependant's income

Entitlement to the notional tax offset

961‑5  Who is entitled to the notional tax offset
 (1) You are entitled to a notional tax offset for an income year if:
 (a) you are an individual; and
 (b) you are an Australian resident; and
 (c) during the year you contribute to the maintenance of another individual (the dependant) who:
 (i) is less than 25 years of age, and is a full‑time student at a school, college or university; or
 (ii) if subparagraph (i) does not apply—is less than 21 years of age; and
 (d) during the year:
 (i) the dependant is an Australian resident; or
 (ii) you had a domicile in Australia.
 (2) You may be entitled to more than one notional tax offset for the year under subsection (1) if you contributed to the maintenance of more than one dependant during the year.
Note: The amount of the notional tax offset in relation to each subsequent dependant may only be part of the full amount: see subsection 961‑15(1).
 (3) The notional tax offset only affects your *income tax liability as provided for by sections 23AB, 79A and 79B of the Income Tax Assessment Act 1936.
Note: Section 23AB of that Act provides a tax offset for service with an armed force under the control of the United Nations; section 79A provides a tax offset for residents of isolated areas; section 79B provides a tax offset for members of the