Norfolk Island Legislation Amendment Act 2015 (59 of 2015)

Schedule 2   Final arrangements etc.

Part 2   Transitional provisions

Division 11   Adjusted taxable income etc.

385   Inclusion of tax-exempt Norfolk Island income in working out a person's adjusted taxable income etc.

(1) This item applies for the purposes of working out:

(a) a person's adjusted taxable income for a period under a provision of any of the following Acts:

(i) the Child Support (Assessment) Act 1989;

(ii) the Social Security Act 1991;

(iii) the Paid Parental Leave Act 2010; or

(b) a person's taxable income for a period under a provision of the Social Security Act 1991.

(2) A reference in the provision to the person's taxable income for the period includes a reference to the person's tax-exempt Norfolk Island income for the period as determined under this Division.