A New Tax System (Family Assistance) Act 1999

Sch 3 clause 3AA(2) substituted by No 125 of 2019, s 3 and Sch 1 item 29, effective 16 December 2019 and applicable in relation to the income year beginning on 1 July 2019 and later income years. Sch 3 clause 3AA(2) formerly read:

(2)
If an individual is a member of a couple with a TFN determination person on the first Monday (an applicable Monday ) of any CCS fortnight to which the child care decision relates in an income year, the individual ' s adjusted taxable income for that year is taken to include:

(a) if the individual is a member of the same couple on all applicable Mondays in the year - the TFN determination person ' s adjusted taxable income for that year; or

(b) in any other case - an amount equal to the percentage of the TFN determination person ' s adjusted taxable income for that year that corresponds to the percentage of applicable Mondays in that year on which the TFN determination person was a member of that couple.

Note:

If paragraph (2)(b) applies in relation to a number of different TFN determination persons during an income year, the individual ' s adjusted taxable income for that year is taken to include the sum of the amounts worked out under that paragraph for each such person.

Sch 3 clause 3AA inserted by No 22 of 2017, s 3 and Sch 1 item 45, effective 2 July 2018. For application, saving and transitional provisions, see note under Pt 4A heading.