Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 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).



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