Income Tax Assessment Act 1997

CHAPTER 6 - THE DICTIONARY  

PART 6-1 - CONCEPTS AND TOPICS  

Division 961 - Notional tax offsets  

Subdivision 961-A - Dependant (non-student child under 21 or student) notional tax offset  

Amount of the notional tax offset

SECTION 961-10   Amount of the dependant (non-student child under 21 or student) notional tax offset  

961-10(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.

961-10(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.