Document ID: chunk:federal_register_of_legislation:C2025C00130:section:32n
Version: federal_register_of_legislation:C2025C00130
Segment Type: section
Provision Reference: s 32N
Character Range: 182678–184380

32N  Relevant reconciliation time—individual has maintenance income
 (1) This section applies to the first individual for a same‑rate benefit period if:
 (a) the first individual has an annualised amount of maintenance income (as defined by Division 5 of Part 2 of Schedule 1 to the Family Assistance Act) for the relevant income year; and
 (b) clause 19B of Schedule 1 to the Family Assistance Act did not apply to the first individual at any time during the same‑rate benefit period.
 (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 information that is sufficient to work out the first individual's annualised amount of maintenance income for the relevant income year, so long as that notification occurs before the end of:
 (i) the first income year after the relevant income year; or
 (ii) such further period (if any) as the Secretary allows, if the Secretary is satisfied that there are special circumstances that prevented the first individual from making that notification before the end of that first income year;
 (b) the time after the end of the relevant income year when the Secretary becomes satisfied that the first individual's annualised amount of maintenance income for the relevant income year can be worked out without receiving a notification from the first individual, so long as the Secretary becomes so satisfied before the end of the first income year after the relevant income year.
 (3) The further period under subparagraph (2)(a)(ii) must end no later than the end of the second income year after the relevant income year.