Document ID: chunk:federal_register_of_legislation:C2015C00309:clause:7_1:p5
Version: federal_register_of_legislation:C2015C00309
Segment Type: clause
Provision Reference: sch 7 cl 1 (pt 5/6)
Character Range: 34825–37270

individual under section 61‑10 for the year.

61‑40  Reduced amounts of dependant (invalid and carer) tax offset
 (1) The amount of the *tax offset under sections 61‑30 and 61‑35 in relation to the other individual for the year is reduced by the amount in accordance with subsection (2) of this section if one or more of the following applies:
 (a) you contribute to the maintenance of the other individual during part only of the year;
 (b) during the whole or part of the year, 2 or more individuals contribute to the maintenance of the other individual;
 (c) the other individual is an individual of a kind referred to in subparagraph 61‑10(1)(a)(i), (ii) or (iii) during part only of the year;
 (d) paragraph 61‑10(1)(b) applies to the other individual during part only of the year;
 (e) paragraph 61‑10(1)(c) applies during part only of the year;
 (f) during part of the year:
 (i) you, or your *spouse while being your partner (within the meaning of the A New Tax System (Family Assistance) Act 1999), is eligible for family tax benefit at the Part B rate (within the meaning of that Act); and
 (ii) clause 31 of Schedule 1 to that Act does not apply in respect of the Part B rate;
 (g) the other individual is your spouse, and, during part of the year, parental leave pay is payable under the Paid Parental Leave Act 2010 to you, or to your spouse while being your partner (within the meaning of that Act).
 (2) The amount of the tax offset under sections 61‑30 and 61‑35 is reduced to an amount that, in the Commissioner's opinion, is reasonable in the circumstances, having regard to the applicable matters referred to in paragraphs (1)(a) to (g).
 (3) If paragraph (1)(f) or (g) applies, the Commissioner is not to consider the part of the year covered by that paragraph.

61‑45  Reductions to take account of the other individual's income
  The amount of the *tax offset under sections 61‑30 to 61‑40 in relation to the other individual for the year is reduced by $1 for every $4 by which the following exceeds $282:
 (a) if you contribute to the maintenance of the other individual for the whole of the year—the other individual's *adjusted taxable income for offsets for the year;
 (b) if paragraph (a) does not apply—the other individual's *adjusted taxable income for offsets for that part of the year during which you contribute to the maintenance of the other individual.

Part 2—Other amendments

Income Tax Assessment Act 1936