Document ID: chunk:federal_register_of_legislation:C2025C00162:section:6:p3
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 6 (pt 3/7)
Character Range: 1798917–1801431

payment period is the tax year that ended on 30 June in the calendar year that came immediately before the calendar year in which the period ends.
Example: A youth allowance payment period ends on 25 January 1999—this day occurs in the calendar year 1 January 1999 to 31 December 1999—the calendar year that came immediately before this one is the calendar year 1 January 1998 to 31 December 1998—the base tax year is the tax year that ended on 30 June 1998 (i.e. the year of income that began on 1 July 1997).

Change to appropriate tax year because of increase in combined parental income
 1067G‑F6 If a person's combined parental income under Submodule 4 for the tax year following the base tax year exceeds:
 (a) 125% of the person's combined parental income under that Submodule for the base tax year; and
 (b) 125% of the person's parental income free area under Submodule 5;
the appropriate tax year, for the purpose of applying this Module to the person in respect of a youth allowance payment period that ends after 30 September in a year, is the tax year following the base tax year.

Change to appropriate tax year at person's request
 1067G‑F7 If:
 (aa) a person's combined parental income for the tax year following the base tax year is substantially less than it was in the base tax year and is likely to continue to be so for 2 years after the later of:
 (i) 1 January in the tax year following the base tax year; or
 (ii) the day on which the combined parental income is reduced; and
 (a) the person requests the Secretary to make a determination under point 1067G‑F8; and
 (b) as a result, the Secretary determines under that point that, for the purpose of applying this Module to the person in respect of a youth allowance payment period that ends on or after:
 (i) the day on which the request is made; or
 (ii) 1 January in a year;
  whichever day is later, the appropriate tax year is the tax year following the base tax year;
the appropriate tax year, for that purpose, is the tax year following the base tax year.

Person may ask Secretary to change appropriate tax year
 1067G‑F8 If:
 (a) youth allowance:
 (i) is not payable to a person because the rate of youth allowance because of this Module is nil; or
 (ii) is payable at a reduced rate because of this Module; and
 (b) the person gives the Secretary an estimate of the person's combined parental income under Submodule 4 for the tax year following the base tax year; and
 (c) the person requests the Secretary to make a determination