Document ID: chunk:federal_register_of_legislation:C2010C00233:clause:9_134
Version: federal_register_of_legislation:C2010C00233
Segment Type: clause
Provision Reference: sch 9 cl 134
Character Range: 57038–57746

134  Subsection 60(3)
Repeal the subsection, substitute:

First election must be for amount less than adjusted taxable income for last relevant year of income

 (3) The parent may make a first election relating to a child support period only if the amount that he or she works out under this section is not more than 85% of:
 (a) the total of the parent's adjusted taxable income determined in accordance with section 43 for the last relevant year of income for the child support period; or
 (b) an amount that:
 (i) the parent declares is the total of the parent's adjusted taxable income for the last relevant year of income for the child support period; and
 (ii) the Registrar is satisfied is correct.