Document ID: chunk:federal_register_of_legislation:F2015L00786:body:0:p7
Version: federal_register_of_legislation:F2015L00786
Segment Type: other
Provision Reference: 
Character Range: 15488–18346

as the case may be, and those interests are greater than the individual interest of any other of those partners in that net income or partnership loss – by any one of the first-mentioned partners; or

          (c)        if paragraph (a) or (b) does not apply – by whichever of those partners has the greater or greatest individual interest in the net income, or partnership loss, of the partnership in the year of income, as the case may be.

    If there is no partner resident in Australia, the return is to be lodged by the partnership's agent in Australia.

    Table L

    Where the trustee of a trust estate has derived income (including capital gains) and the trustee is not covered by Tables M, N, O or Q, a trust return is required to be lodged by the trustee resident in Australia. If there is no trustee resident in Australia, the return is to be lodged by the trust's public officer or, where no public officer is appointed, by the trust's agent in Australia.

    Exceptions to the requirement to lodge an income tax return under this instrument

    A person described in Tables C, D, E, or L is not required to lodge an income tax return under this legislative instrument if they are described in Table M. (See the Note after Table M).

    A person described in Tables N, O or Q is not required to lodge an income tax return.

    A person described in Table P is not required to lodge a partnership tax return.

    Table M (to be read in conjunction with Tables C, D, E and L)

        1. Every person whose assessable income during the year of income included payments received in respect of one or more of:
       Social security benefits and allowances, that is, Newstart allowance, sickness allowance, Youth allowance, Disaster recovery allowance, special benefit, widow allowance, partner allowance, parenting payment (partnered), Austudy payment;
       Farm Household allowance;

       Specified Commonwealth education and training payments to persons 16 years or older, that is, payments made under ABSTUDY (including the ABSTUDY Masters and Doctorate Award), the Veterans' Children Education Scheme, the Military Rehabilitation and Compensation Act Education and Training Scheme (known as 'MRCA Education Allowance' on a PAYG payment summary);
       Commonwealth labour market programs, such as Green Corps Training Allowance, New Enterprise Incentive Scheme Allowance;
       Income support component of wages paid to participants in the Community Development Employment Projects (CDEP) Scheme and CDEP Scheme participant supplement.

       AND

            1. who had no other assessable income; or
            2. whose taxable income was less than or equal to $20,542.

       2.      Every person who qualified for a tax offset under section 160AAAA of the Income Tax Assessment Act 1936 during the year of income and