Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 961.55

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

  (a)   during the year you have the sole care 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

  (b)   you are entitled to a notional tax offset under Subdivision   961 - A for the dependant; and

  (c)   during the year you did not have a * spouse.

  (2)   Paragraph   (1)(c) does not apply if, in the opinion of the Commissioner, because of special circumstances, the paragraph should not apply.

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

Note:   Section   79A of that Act 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.