Document ID: chunk:federal_register_of_legislation:C2004A04996:front:0:p34
Version: federal_register_of_legislation:C2004A04996
Segment Type: other
Provision Reference: 
Character Range: 89183–91931

same extent, and the increased amount has effect from the commencement of this section.

Taxable income

Taxable income of care receiver and partner

"53AB.(1) For the purposes of this Subdivision:

    (a) if a care receiver is a member of a couple, the care receiver's taxable income includes the taxable income of the care receiver's partner; and

    (b) a person's taxable income for a tax year is:

(i) the person's assessed taxable income for the tax year; or

SCHEDULE 6—continued

       (ii) if the Commissioner of Taxation has not made an assessment of the person's taxable income for the tax year—the person's accepted estimated taxable income for the tax year.

Assessed taxable income

"(2) At a particular time, a person's assessed taxable income for a tax year is the taxable income according to whichever of the following was made most recently:

    (a) an assessment of the person's taxable income for the tax year made by the Commissioner of Taxation;

    (b) an amended assessment of the person's taxable income for the tax year made by the Commissioner of Taxation;

    (c) an amendment made by a tribunal of an assessment or amended assessment of the person's taxable income for the tax year made by the Commissioner of Taxation;

    (d) an amendment made by a court of:

       (i) an assessment or amended assessment of the person's taxable income for the tax year made by the Commissioner of Taxation; or

       (ii) an amended assessment of the person's taxable income for the tax year made by a tribunal.

Accepted estimated taxable income

"(3) A person's accepted estimated taxable income for a tax year is the taxable income according to the estimate that was most recently given to the Secretary by the person under subsection (4) and accepted by the Commission.

Estimating taxable income

"(4) A person may give the Secretary a written estimate of the person's taxable income for a tax year and the Secretary must cause an estimate so given to be submitted to the Commission for consideration.

Accepting estimate of taxable income

"(5) The Commission may accept the estimate only if:

    (a) the person does not have an assessed taxable income for the tax year; and

    (b) one of the following applies:

       (i) the tax year has not ended;

       (ii) the Commission is satisfied that the person is not required to lodge a return of income for the tax year under the Income Tax Assessment Act;

SCHEDULE 6—continued

       (iii) the Commission is satisfied that the person has lodged, or proposes to lodge, a return of income for the tax year under the income Tax Assessment Act; and

    (c) the Commission is satisfied that the estimate is reasonable.

Nil amounts of taxable income

"(6) For the