Document ID: chunk:federal_register_of_legislation:C2004A01294:clause:1_32n
Version: federal_register_of_legislation:C2004A01294
Segment Type: clause
Provision Reference: sch 1 cl 32N
Character Range: 28992–30084

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;
 (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.