Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 961.15

  (1)   The amount of the notional tax offset under section   961 - 10 is reduced by the amount in accordance with subsection   (2) of this section if one or more of the following applies:

  (a)   paragraph   961 - 5(1)(c) applies during part only of the year;

  (b)   paragraph   961 - 5(1)(d) applies during part only of the year;

  (c)   during the whole or part of the year, 2 or more individuals contribute to the maintenance of the dependant;

  (d)   the dependant only meets the description of the individual covered by subparagraph   961 - 5(1)(c)(i) or (ii) for part of the year.

  (2)   The amount of a notional tax offset is reduced to an amount that, in the Commissioner's opinion, is a reasonable apportionment in the circumstances, having regard to the applicable matters referred to in paragraphs   (1)(a) to (d).