Document ID: chunk:federal_register_of_legislation:C2024C00851:section:58:p2
Version: federal_register_of_legislation:C2024C00851
Segment Type: section
Provision Reference: s 58 (pt 2/2)
Character Range: 185318–186889

last relevant year of income;
the Registrar may determine that the parent's adjusted taxable income for the last relevant year of income is the amount worked out by multiplying the parent's adjusted taxable income for the previous year by the ATI indexation factor.

Parent's taxable income assessed for an earlier year of income
 (4) If:
 (a) the parent's taxable income for the previous year has not been assessed under an Income Tax Assessment Act; but
 (b) the parent's taxable income for an earlier year of income has been so assessed;
the Registrar may determine that the parent's adjusted taxable income for the last relevant year of income is the greater of the following amounts:
 (c) the amount worked out by multiplying the parent's adjusted taxable income for the earlier year of income (or, if the parent's taxable income has been so assessed for more than one earlier year of income, the most recent of those years) by the ATI indexation factor;
 (d) the amount that is equal to two‑thirds of the annualised MTAWE figure for the relevant June quarter in relation to the relevant period.

Other circumstances
 (5) If:
 (a) subsections (2), (2A), (3) and (4) do not apply in relation to the parent; or
 (b) the Registrar decides not to make a determination in relation to the parent under one of those subsections;
the Registrar may determine that the parent's adjusted taxable income for the last relevant year of income is an amount that is at least two‑thirds of the annualised MTAWE figure for the relevant June quarter in relation to the relevant period.