Document ID: chunk:federal_register_of_legislation:C2019C00215:clause:2_17:p3
Version: federal_register_of_legislation:C2019C00215
Segment Type: clause
Provision Reference: sch 2 cl 17 (pt 3/3)
Character Range: 47879–50214

in working out certain tax offsets under the Income Tax Assessment Act 1936.

Table of sections

Operative provisions
961‑55 Who is entitled to the notional tax offset
961‑60 Amount of the dependant (sole parent of a non‑student child under 21 or student) notional tax offset
961‑65 Reductions to take account of change in circumstances

Operative provisions

961‑55  Who is entitled to the notional tax offset
 (1) You are entitled to a notional tax offset for an income year if:
 (a) during the year you have the sole care of another individual (the dependant) who:
 (i) is less than 25 years of age, and is a full‑time student at a school, college or university; or
 (ii) if subparagraph (i) does not apply—is less than 21 years of age; and
 (b) you are entitled to a notional tax offset under Subdivision 961‑A for the dependant; and
 (c) during the year you did not have a *spouse.
 (2) Paragraph (1)(c) does not apply if, in the opinion of the Commissioner, because of special circumstances, the paragraph should not apply.
 (3) The notional tax offset only affects your income tax liability as provided for by sections 79A and 79B of the Income Tax Assessment Act 1936.
Note: Section 79A of that Act provides a tax offset for residents of isolated areas; section 79B provides a tax offset for members of the Defence Force who are serving overseas.

961‑60  Amount of the dependant (sole parent of a non‑student child under 21 or student) notional tax offset
  The amount of the notional tax offset to which you are entitled under section 961‑55 for an income year is $1,607.
Note: The amount of the offset under this section applies regardless of whether you have one or more dependants that satisfy section 961‑55.

961‑65  Reductions to take account of change in circumstances
 (1) The amount of the notional tax offset under section 961‑60 is reduced in accordance with subsection (2) if:
 (a) paragraph 961‑55(1)(a) applies during only part of the year; or
 (b) paragraph 961‑55(1)(c) does not apply because of subsection 961‑55(2).
 (2) The amount of the notional tax offset is reduced to an amount that, in the Commissioner's opinion, is a reasonable apportionment in the circumstances, having regard to the matters referred to in paragraphs (1)(a) and (b).

Part 2—Consequential amendments

Income Tax Assessment Act 1936