Document ID: chunk:federal_register_of_legislation:C2019C00215:clause:2_17:p2
Version: federal_register_of_legislation:C2019C00215
Segment Type: clause
Provision Reference: sch 2 cl 17 (pt 2/3)
Character Range: 45383–48122

who are serving overseas.

Amount of the notional tax offset

961‑10  Amount of the dependant (non‑student child under 21 or student) notional tax offset
 (1) The amount of the notional tax offset to which you are entitled in relation to a dependant under section 961‑5 for an income year is $376.
 (2) However, if you are entitled to 2 or more such notional tax offsets for the income year in relation to individuals covered by subparagraph 961‑5(1)(c)(ii), the amount of the notional tax offset under section 961‑5 is:
 (a) in relation to the oldest of those individuals—$376; and
 (b) in relation to each of the others—$282.

961‑15  Reduced amounts of the dependant (non‑student child under 21 or student) notional tax offset
 (1) The amount of the notional tax offset under section 961‑10 is reduced by the amount in accordance with subsection (2) of this section if one or more of the following applies:
 (a) paragraph 961‑5(1)(c) applies during part only of the year;
 (b) paragraph 961‑5(1)(d) applies during part only of the year;
 (c) during the whole or part of the year, 2 or more individuals contribute to the maintenance of the dependant;
 (d) the dependant only meets the description of the individual covered by subparagraph 961‑5(1)(c)(i) or (ii) for part of the year.
 (2) The amount of a notional tax offset is reduced to an amount that, in the Commissioner's opinion, is a reasonable apportionment in the circumstances, having regard to the applicable matters referred to in paragraphs (1)(a) to (d).

961‑20  Reductions to take account of the dependant's income
  The amount of the notional tax offset under sections 961‑10 and 961‑15 in relation to the dependant for the year is reduced by $1 for every $4 by which the following exceeds $282:
 (a) if you contribute to the maintenance of the dependant for the whole of the year—the dependant's *adjusted taxable income for offsets for the year;
 (b) if paragraph (a) does not apply—the dependant's adjusted taxable income for offsets for that part of the year during which you contribute to the dependant's maintenance.

Subdivision 961‑B—Dependant (sole parent of a non‑student child under 21 or student) notional tax offset

Guide to Subdivision 961‑B

961‑50  What this Subdivision is about
      This Subdivision provides for a notional tax offset for an income year if you are the sole contributor to the maintenance of a non‑student child or a student dependant. The notional tax offset can only be taken into account in working out certain tax offsets under the Income Tax Assessment Act 1936.

Table of sections

Operative provisions
961‑55 Who is entitled to the notional tax offset
961‑60 Amount of the dependant (sole parent of a non‑student child under 21