Document ID: chunk:federal_register_of_legislation:F2024L00550:reg:7:p2
Version: federal_register_of_legislation:F2024L00550
Segment Type: reg
Provision Reference: reg 7 (pt 2/3)
Character Range: 20770–23358

ABSTUDY Masters and Doctorate Award);
 (ix) a payment to a person 16 years or older made under the Military Rehabilitation and Compensation Act Education and Training Scheme;
 (x) a payment to a person 16 years or older made under the Veterans' Children Education Scheme established under the Veterans' Entitlements Act 1986;
 (xi) special benefit under the SSA;
 (xii) youth allowance under the SSA; and
 (xiii) youth disability supplement paid as a component of ABSTUDY living allowance under the ABSTUDY scheme, or a component of youth allowance under the SSA; and
 (b) they either had:
 (i) no other assessable income; or
 (ii) taxable income of less than $21,885.
 (3) A person covered by subsection 6(3) or 6(6) is not required to lodge an income tax return for the 2024 year under this instrument if:
 (a) they qualified for a tax offset under section 160AAAA of the ITAA 1936 (relating to the tax rebate for low-income aged persons and pensioners) during the 2024 year; and
 (b) their rebate income was less than:
 (i) $32,280, if at any time during the 2024 year they were single, widowed or separated;
 (ii) $31,280, if subparagraph (i) does not also apply, and at any time during the 2024 year they and their spouse (married or de facto) had to live apart due to illness, or they or their spouse were in a nursing home; or
 (iii) $28,975, if neither subparagraph (i) nor subparagraph (ii) also apply, and at any time during the 2024 year they and their spouse (married or de facto) lived together.
Note: While a person covered by subsection 7(2) or subsection 7(3) is not required to lodge an income tax return under this instrument, they may be required to lodge an income tax return under the Income Tax Assessment (Requirement for Parents with a Child Support Assessment to Lodge a Return for the 2024 year) Instrument 2024.
(4) A person covered by subsection 6(11) is not required to lodge an income tax return for the 2024 year under this instrument if their income is exempt from income tax:
 (a) under table item 1.1 in section 50-5 of the ITAA 1997;
 (b) under section 50-25 of the ITAA 1997; or
 (c) because they are specifically named as an exempt entity in Division 50 of the ITAA 1997.
 (5) A person covered by subsection 6(12) is not required to lodge a partnership tax return for the 2024 year under this instrument if they:
 (a) have made an election under former section 485AA of the ITAA 1936 or paragraphs 830-10(2)(b) or 830-15(5)(b) of the ITAA 1997, so that:
 (i) their interest is treated as an interest in a foreign hybrid (under Division 830 of the ITAA