Document ID: chunk:federal_register_of_legislation:C2025C00140:clause:1_18:p1
Version: federal_register_of_legislation:C2025C00140
Segment Type: clause
Provision Reference: sch 1 cl 18 (pt 1/19)
Character Range: 457571–460240

18                      More than or equal to the amount under item 17.                        10%

154‑25  Indexation
 (1) The following amounts for the 2020‑21 *income year, or a later income year:
 (a) the *minimum repayment income;
 (b) the amounts referred to in paragraph (a) of the second column of items 1 to 17 of the table in section 154‑20;
are indexed by multiplying the corresponding amounts for the 2019‑20 income year by the amount worked out using the formula:
 (4) If an amount worked out under this section is an amount made up of dollars and cents, round the amount down to the nearest dollar.

154‑30  Publishing indexed amounts
  The Minister must cause to be published in the Gazette, before the start of the 2019‑20 *income year or a later income year:
 (a) the *minimum repayment income; and
 (b) the amounts referred to in paragraph (b) of the second column of items 1 to 17 of the table in section 154‑20;
for that income year.

154‑32  Amounts payable to the Commonwealth by overseas debtors
  The amount of levy that a person is liable to pay under section 154‑16, in respect of an *income year, is an amount equal to the difference between:
 (a) the amount that the person would have been liable to pay under section 154‑1 if:
 (i) the person had a *repayment income for the income year of an amount equal to the person's *assessed worldwide income for the income year; and
 (ii) subsection 154‑1(2) did not apply to the person; and
 (b) the amount (if any) the person is liable to pay under section 154‑1, in respect of the income year.

Subdivision 154‑C—Assessments

154‑35  Commissioner may make assessments
  The *Commissioner may, from any information in the Commissioner's possession, whether from a *return or otherwise, make an assessment of:
 (a) the person's *accumulated HELP debt on 1 June immediately before the making of the assessment; and
 (b) the amount required to be paid in respect of that debt under section 154‑1 or 154‑16.

154‑40  Notification of notices of assessment of tax
  If:
 (a) the *Commissioner is required to serve on a person a notice of assessment in respect of the person's income of an *income year under section 174 of the Income Tax Assessment Act 1936; and
 (b) the Commissioner has made, in respect of the person, an assessment under section 154‑35 of this Act of the amounts referred to in that section; and
 (c) notice of the assessment under that section has not been served on the person;
notice of the assessment under that section may be served by specifying the amounts concerned in the notice referred to in paragraph (a).

154‑45  Commissioner may defer making assessments
 (1) A person