Document ID: chunk:federal_register_of_legislation:F2025C00165:reg:26
Version: federal_register_of_legislation:F2025C00165
Segment Type: reg
Provision Reference: reg 26
Character Range: 20942–22123

26  Notices relating to income (including foreign-sourced income)
 (1) For the purposes of subsection 47C(4) of the Act, a notice a person gives to the Commissioner under subsection 47C(3) of the Act must contain:
 (a) the person's name; and
 (b) the person's date of birth; and
 (c) the person's country of residence; and
 (d) unless subsection (2) applies—the person's occupation; and
 (e) unless subsection (2) applies—the amount of the person's income (including foreign-sourced income) for the income year; and
 (f) unless subsection (2) applies—the method used to work out that foreign‑sourced income; and
 (g) if the overseas assessed method was used and unless subsection (2) applies—the person's identification number used for tax purposes by the taxation authority of a foreign country that made the assessment of the person's income.
 (2) A notice may not contain the content in paragraphs (1)(d), (e), (f) and (g) if:
 (a) the person's income (including foreign-sourced income) for the income year is no more than 25% of the minimum repayment income for that income year; and
 (b) the notice the person gives to the Commissioner includes a declaration to that effect.