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 961-20  

961-20   Reductions to take account of the dependant ' s income  

The amount of the notional tax offset under sections 961-10 and 961-15 in relation to the dependant for the year is reduced by $1 for every $4 by which the following exceeds $282:

(a) if you contribute to the maintenance of the dependant for the whole of the year - the dependant ' s *adjusted taxable income for offsets for the year;

(b) if paragraph (a) does not apply - the dependant ' s adjusted taxable income for offsets for that part of the year during which you contribute to the dependant ' s maintenance.