Document ID: chunk:federal_register_of_legislation:C2018A00111:clause:1_4
Version: federal_register_of_legislation:C2018A00111
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 6172–7707

4  After subsection 1067A(10J)
Insert:
 (10K) For the purposes of paragraphs (10E)(d) and (e), the threshold amount for the person (the primary person) for a tax year is the sum of the following:
 (a) $160,000;
 (b) $10,000 for each person who is a related person (see subsection (10L)) of the primary person on:
 (i) subject to subparagraph (ii)—30 June of that tax year; or
 (ii) if that tax year is the tax year following the base tax year because of point 1067G‑F7 or 1067G‑F8—the day the request was made.
 (10L) For the purposes of paragraph (10K)(b), a person (the first person) is a related person of the primary person on a day if on that day:
 (a) the first person is aged under 22; and
 (b) a parent of the first person is also a parent of the primary person; and
 (c) none of the following applies to the first person:
 (i) the first person is living away from the home of each parent covered by paragraph (b) and the first person is a member of a YA couple under subsection 1067C(1);
 (ii) the first person is living away from the home of each parent covered by paragraph (b) and the first person has a natural child, adoptive child or relationship child who is wholly or substantially dependent on the first person or the first person's partner (if any);
 (iii) the first person is receiving youth allowance or disability support pension and the first person is independent under subsection (9);
 (iv) the first person is in State care.
Note: For parent, see paragraph (b) of the definition of parent in subsection 5(1).