Document ID: chunk:federal_register_of_legislation:F2024L00550:reg:6:p1
Version: federal_register_of_legislation:F2024L00550
Segment Type: reg
Provision Reference: reg 6 (pt 1/5)
Character Range: 7528–10142

6  Requirement to lodge an income tax return
 (1) Under sections 130 and 161 of the ITAA 1936, every person covered by one or more of subsections 6(2) to 6(12) is required to give a return for the 2024 year unless an exception in section 7 applies to them.
 (2) Every person must lodge a return if during the 2024 year one or more of the following apply to them:
 (a) they had an amount withheld from payments or an amount paid to the Commissioner under the pay as you go (PAYG) withholding system other than payments:
 (i) covered by sections 12-140 and 12-145 in Schedule 1 to the TAA (relating to an unfranked or partially franked dividend where the amount of dividends or distributions received and any franking credits totalled $18,200 or less);
 (ii) covered by Subdivision 12-F in Schedule 1 to the TAA (relating to certain dividend, interest and royalty payments);
 (iii) covered by Subdivision 12-FA in Schedule 1 to the TAA (relating to departing Australia superannuation payments);
 (iv) covered by section 12-319A in Schedule 1 to the TAA (relating to payments to persons participating in the labour mobility programs covered by section 840-906 of the ITAA 1997);
 (v) covered by section 12-320 in Schedule 1 to the TAA (relating to mining payments);
 (vi) covered by Subdivision 12-H in Schedule 1 to the TAA (relating to fund payments from withholding MITs);
 (vii) covered by Subdivision 12A-C in Schedule 1 to the TAA (relating to deemed payments by AMITs); or
 (viii) withheld from a superannuation lump sum to which section 303-10 of the ITAA 1997 applies (relating to certain superannuation lump sum payments received by a person with a terminal medical condition);
 (b) they incurred a tax loss or are entitled to deduct a tax loss;
 (c) they made a net capital loss, or are entitled to apply a net capital loss of an earlier year of income;
 (d) they were a company or trust estate that has undeducted tax losses or unapplied net capital losses of more than $1,000 from any earlier year of income;
 (e) they were a company that transferred a tax loss or net capital loss to another group company;
 (f) they carried on a business;
 (g) they were entitled to income as a beneficiary of a trust estate that has operated a primary production business in Australia;
 (h) they had an individual interest in the net income or partnership loss of a partnership which operated a primary production business in Australia;
 (i) they were at all times under 18 years of age and either their income was more than $416 (excluding salary or wages or other payments for work that was personally performed), or