Document ID: chunk:federal_register_of_legislation:C2004A05083:schedule:1:p15
Version: federal_register_of_legislation:C2004A05083
Segment Type: schedule
Provision Reference: sch 1 (pt 15/18)
Character Range: 35893–38560

20C(1) for that year of income, is the amount worked out using the formula:

      number of dependants means the maximum number of dependants that the taxpayer had at any time during the relevant part of that year of income.

       (3) Subject to subsection (4), the family income ceiling for a taxpayer for the purposes of the application of subsection 20C(2) for the 1997-98 year of income or a later year of income is $70,000.

      (4) If a taxpayer had more than one dependant at any time during the 1996-98 year of income or a later year of income, the family income ceiling for the taxpayer for the purposes of the application of subsection 20C(2), for the year of income concerned is the amount workeout using the formula:

      where:

      number of dependants means the maximum number of dependants that the taxpayer had at any time during the year of income concerned.

20R Taxpayer's income ceiling

      (1) Subject to subsection (2), the taxpayers' income ceiling for a taxpayer for the purposes of the application of subsection 20D(1) for the 1996-97 year of income is $65,000.

      (2) If a taxpayer had more than one dependant at any time during the relevant part of the 1996-97 year of income, the taxpayers' income ceiling for the taxpayer for the purposes of the application of subsection 20D( 1) for that year of income is the amount worked out using the formula:

      where:

      number of dependants means the maximum number of dependants that the taxpayer had at any time during the relevant part of that year of income.

      (3) Subject to subsection (4), the taxpayers' income ceiling for a taxpayer, for the purposes of the application of subsection 20D(2), for the 1997-98 year of income or a later year of income is $65,000.

       (4) If a taxpayer had more than one dependant at any time during the1996-98 year of income or a later year of income, the taxpayers' income ceiling for the taxpayer, for the purposes of the application of subsection 20D(2) for the year of income concerned, is the amount worked out using the formula:

      where:

      number of dependants means the maximum number of dependants that the taxpayer had at any time during the year of income concerned.

20S Person a dependant for part only of relevant period

      (1) This section has effect for the purposes of the application of section 20C in respect of a relevant period to a taxpayer in relation to a person (the child) if the child was a dependant of the taxpayer during part only of the relevant period.

      (2) If the relevant period is the relevant part of the 1996-97 year of income, subsection 20C(1) has effect as if the