Document ID: chunk:federal_register_of_legislation:C2006A00082:clause:4_1061p
Version: federal_register_of_legislation:C2006A00082
Segment Type: clause
Provision Reference: sch 4 cl 1061P
Character Range: 15031–16034

1061P  Determinations of rates

 (1) The Minister may determine in writing for the purposes of subsection 1061M(2) the adult rate for a financial year.

 (2) The Minister may determine in writing for the purposes of subsection 1061M(3) the child rate for a financial year.

 (3) A determination under subsection (1) or (2) must be made in the financial year preceding the year to which the determination relates.

 (4) The Minister may determine in writing for the purposes of paragraph 1061N(a) an amount not exceeding the adult rate for the financial year in which the determination is made.

 (5) The Minister may determine in writing for the purposes of paragraph 1061N(b) an amount not exceeding the child rate for the financial year in which the determination is made.

 (6) A determination made under this section is a legislative instrument, but section 42 of the Legislative Instruments Act 2003 does not apply to the determination.

Part 2—Other amendments

Income Tax Assessment Act 1997