Document ID: chunk:federal_register_of_legislation:C2010C00300:clause:7_62
Version: federal_register_of_legislation:C2010C00300
Segment Type: clause
Provision Reference: sch 7 cl 62
Character Range: 35576–36338

62  Section 61‑496
Repeal the section, substitute:

61‑496  Entitlement to transfer

 (1) You may transfer your entitlement to so much of your *tax offset as is equal to the excess to the individual who was your *spouse as at the last day of the child care offset year.

Note: The excess part of a tax offset is worked out under Division 63.

 (2) If you make a transfer:
 (a) the transferee is entitled to the transferred part of the *tax offset for the child care offset year; and
 (b) you are no longer entitled to the transferred part of the tax offset.

 (3) A transfer cannot be revoked.

 (4) If you die during the child care offset year, the reference to your *spouse in subsection (1) is taken to be a reference to your spouse just before your death.