Document ID: chunk:federal_register_of_legislation:C2019C00215:clause:2_32
Version: federal_register_of_legislation:C2019C00215
Segment Type: clause
Provision Reference: sch 2 cl 32
Character Range: 52960–53684

32  Subsection 8(5) (definition of family income threshold)
Repeal the definition, substitute:
family income threshold, in relation to a person (the relevant person), means $35,261 increased by $3,238 for each person covered by paragraph 961‑5(1)(c) of the Income Tax Assessment Act 1997 in respect of whom:
 (a) in a case to which paragraph (b) does not apply—the relevant person; or
 (b) if the relevant person was a married person on the last day of the year of income—the relevant person or the spouse of the relevant person;
is entitled to a notional tax offset under Subdivision 961‑A of the Income Tax Assessment Act 1997 for the year of income.

Tax and Superannuation Laws Amendment (2014 Measures No. 1) Act 2014