S 32L repealed by No 14 of 2014, s 3 and Sch 3 item 33, applicable on and after that commencement in relation to a same-rate benefit period to the extent that it occurs before 1 May 2014. S 32L formerly read:
SECTION 32L Relevant reconciliation time
-
child aged 16 or more
32L(1)
This section applies to the first individual for a same-rate benefit period if the following conditions are satisfied in relation to another individual:
(a)
the other individual is aged 16 or more;
(aa)
the other individual is not a senior secondary school child;
(b)
before the end of the relevant income year, the first individual gives the Secretary an estimate of the other individual's adjusted taxable income for the relevant income year;
(c)
assuming that the other individual had adjusted taxable income for the relevant income year that is less than the cut-out amount (as defined by subsection
22A(2)
of the Family Assistance Act), the other individual would be an FTB child of the first individual.
History
S 32L(1) amended by No 50 of 2011, s 3 and Sch 2 item 13, by inserting para (aa), applicable in relation to same rate benefit periods beginning on or after 1 January 2012.
32L(2)
The relevant reconciliation time is whichever is the earlier of the following times:
(a)
the time after the end of the relevant income year when the first individual notifies the Secretary of the amount of the other individual's adjusted taxable income for the relevant income year;
(b)
the time after the end of the relevant income year when the Secretary becomes satisfied that the amount of the other individual's adjusted taxable income for the relevant income year can be worked out without receiving a notification from the first individual.
S 32L inserted by No 59 of 2004, s 3 and Sch 1 item 9, applicable in relation to family tax benefit for the 2003-2004 income year or a later income year.
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