Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 961.5

  (1)   You are entitled to a notional tax offset for an income year if:

  (a)   you are an individual; and

  (b)   you are an Australian resident; and

  (c)   during the year you contribute to the maintenance of another individual (the dependant ) who:

  (i)   is less than 25 years of age, and is a full - time student at a school, college or university; or

  (ii)   if subparagraph   (i) does not apply--is less than 21 years of age; and

  (d)   during the year:

  (i)   the dependant is an Australian resident; or

  (ii)   you had a domicile in Australia.

  (2)   You may be entitled to more than one notional tax offset for the year under subsection   (1) if you contributed to the maintenance of more than one dependant during the year.

Note:   The amount of the notional tax offset in relation to each subsequent dependant may only be part of the full amount: see subsection   961 - 15(1).

  (3)   The notional tax offset only affects your * income tax liability as provided for by sections   23AB, 79A and 79B of the Income Tax Assessment Act 1936 .

Note:   Section   23AB of that Act provides a tax offset for service with an armed force under the control of the United Nations; section   79A provides a tax offset for residents of isolated areas; section   79B provides a tax offset for members of the Defence Force who are serving overseas.