Income Tax Assessment Act 1997

Pt 2-20 inserted by No 56 of 1997.

Div 61 inserted by No 56 of 1997.

Subdiv 61-IA repealed by No 49 of 2019, s 3 and Sch 4 item 76, effective 1 July 2019.

Subdiv 61-IA inserted by No 160 of 2005.

S 61-495 repealed by No 49 of 2019, s 3 and Sch 4 item 76, effective 1 July 2019. S 61-495 formerly read:

SECTION 61-495 Component of formula - child care offset limit  
61-495(1)
The child care offset limit for the 2004-2005 child care base year is $4,000. The limit is indexed annually.

Note:

Subdivision 960-M shows you how to index amounts.

61-495(2)
In applying the indexation formula in subsection 960-275(1) to determine the child care offset limit for the 2005-2006 child care base year or a later child care base year, the relevant financial year is the child care base year rather than the child care offset year for which the offset is being calculated.

S 61-495 inserted by No 160 of 2005.