Document ID: chunk:federal_register_of_legislation:C2004A05083:schedule:1:p17
Version: federal_register_of_legislation:C2004A05083
Segment Type: schedule
Provision Reference: sch 1 (pt 17/18)
Character Range: 40701–43288

tax payments received under Social Security Act

      (1) In this section:

      section 20C tax-free threshold increase means the amount (if any) by which the amount of $5,400 in column 1 of the table in clause 1 of Part 1 of Schedule 7 would, apart from this section, be increased by section 20C or be increased by that section if it applied to the taxpayer.

      section 20D tax-free threshold increase means the amount (if any) by which the amount of $5,400 in column 1 of the table in clause 1 of Part 1 of Schedule 7 would, apart from this section, be increased by section 20D or be increased by that section if it applied to the taxpayer.

      (2) If, during the relevant part of the 1996-97 year of income or during the 1997-98 year of income or a later year of income:

          (a) the taxpayer or his or her spouse received any payments of family tax payment under the Social Security Act 1991; or

          (b) another person received any payments of family tax payment under the Social Security Act 1991 in respect of a child at a time when:

            (i) the taxpayer and the other person resided together; and

             (ii) the child was a dependant of each of them; the following provisions have effect.

      (3) Any section 20C tax-free threshold increase in relation to the taxpayer in respect of the year of income concerned is reduced (but not below nil) by the amount worked out using the formula:

      where:

      Part A payments means the sum of so much of the payments of family tax payment as represented payments made at the fortnightly Part A rate of family tax payment referred to in Module A of the Family Tax Payment Rate Calculator at the end of section 1070 of the Social Security Act 1991.

       (4) Any section 20D tax-free threshold increase in relation to the taxpayer in respect of the year of income concerned is reduced (but not below nil) by the amount worked out using the formula:

      where:

      Part B payments means the sum of so much of the payments of family tax payment as represented payments made at the fortnightly Part B rate of family tax payment referred to in Module A of the Family Tax Payment Rate Calculator at the end of section 1070 of the Social Security Act 1991.

      (5) If an amount worked out under subsection (3) or (4) is an amount of dollars and cents, the amount is to be rounded up to the nearest whole dollar.

20V Quotation of spouse's tax file number

      (1) A taxpayer's spouse may tell the taxpayer the spouse's tax file number for the purposes of this Division.

      (2) A