Document ID: chunk:federal_register_of_legislation:C2010C00151:clause:1_60:p2
Version: federal_register_of_legislation:C2010C00151
Segment Type: clause
Provision Reference: sch 1 cl 60 (pt 2/2)
Character Range: 75420–76181

period as 12 months even if it is longer

 (6) If the remaining period is more than 12 months, the parent may apply the method in subsection (5) as if the remaining period were exactly 12 months, starting on the day worked out under paragraph (a) of step 1 of the method statement in subsection (5).

How election is made

 (7) The parent makes the election by giving notice of it to the Registrar in the manner specified by the Registrar. The notice must specify:
 (a) the amount that the parent elects is to be his or her adjusted taxable income; and
 (b) the amount the parent estimated at step 2 of the method statement in subsection (5); and
 (c) that the remaining period was treated as being 12 months, if the parent chose to do so under subsection (6).