Income Tax Assessment Act 1997

Pt 2-20 inserted by No 56 of 1997.

Div 61 inserted by No 56 of 1997.

Subdiv 61-I repealed by No 49 of 2019, s 3 and Sch 4 item 76, effective 1 July 2019.

Subdivision 61-I inserted by No 32 of 2002.

S 61-425 repealed by No 49 of 2019, s 3 and Sch 4 item 76, effective 1 July 2019. S 61-425 formerly read:

SECTION 61-425 Component of formula - total of the entitlement days  
61-425(1)
In section 61-415, the total of the entitlement days is the total number of days for which the primary person (see subsection (3)) had a *primary entitlement to a *tax offset under either or both of sections 61-355 and 61-440 for the child for the income year.

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S 61-425(1) amended by No 23 of 2005.

61-425(2)
In addition, if:

(a) the relevant *child event happened in the primary person ' s *base year; and

(b) the primary person did not transfer the entitlement under section 61-385 for the primary person ' s base year; and

(c) the relevant child turns 5 during the income year;

the total of the entitlement days also includes the number of days in the base year for which the primary person had a primary entitlement to a *tax offset under either or both of sections 61-355 and 61-440 for the child.

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S 61-425(2) amended by No 23 of 2005.

61-425(3)
In this section, the primary person is:

(a) if you are claiming the offset as a person who has a *primary entitlement to the offset for the child - you; or

(b) if you are claiming the offset as a transferee under section 61-400 - the transferor.

S 61-425 inserted by No 32 of 2002.