Document ID: chunk:federal_register_of_legislation:C2004A05083:schedule:1:p2
Version: federal_register_of_legislation:C2004A05083
Segment Type: schedule
Provision Reference: sch 1 (pt 2/18)
Character Range: 4639–7093

year of income;

      the amount of $5,400 set out in column 1 of the table in clause 1 of Part 1 of Schedule 7 is taken, for the purposes of the application of that Schedule to the taxpayer in respect of that year of income, to be increased by $500 for each person who, during the relevant part of that year of income, was a dependant of the taxpayer.

      (2) Subject to this Division, if:

          (a) a taxpayer who was a resident during the 1997-98 year of income or a later year of income had, during that year of income, at least one dependant; and

          (b) the taxpayers' taxable income of that year of income or, if the taxpayer had a spouse on the last day of that year of income, the sum of the taxable incomes of that year of income of the taxpayer and that spouse was less than the family income ceiling for the taxpayer for that year of income;

      the amount of $5,400 set out in column 1 of the table in clause 1 of Part 1 of Schedule 7 is, for the purposes of the application of that Schedule to the taxpayer in respect of that year of income, taken to be increased by $1,000 for each person who, during that year of income, was a dependant of the taxpayer.

20D Further increase in tax-free threshold

      (1) Subject to this Division, if:

        (a) a taxpayer who was a resident during the relevant part of the

          1996-97 year of income had, during that part of that year of income, at least one dependant under the age of 5 years; and

          (b) the taxpayers' taxable income of that year of income was less than the taxpayers' income ceiling for that year of income; and

          (c) in respect of a taxpayer who had a spouse on the last day of that year of income—the spouse's taxable income of that year of income was less than the spouse income ceiling for that year of income;

      the amount of $5,400 set out in column 1 of the table in clause 1 of Part 1 of Schedule 7 is, for the purposes of the application of that Schedule to the taxpayer in respect of that year of income, in addition to any amount by which that amount of $5,400 is increased under section 20C, taken to be increased by $1,250.

      (2) Subject to this Division, if:

          (a) a taxpayer who was a resident during the 1997-98 year of income or a later year of income had, during that year of income, at least one dependant under the age of 5 years; and

          (b) the taxpayers' taxable income of that year of