INCOME TAX ASSESSMENT ACT 1997 - SECT 961.10 Amount of the dependant (non - student child under 21 or student) notional tax offset

INCOME TAX ASSESSMENT ACT 1997 - SECT 961.10

  (1)   The amount of the notional tax offset to which you are entitled in relation to a dependant under section   961 - 5 for an income year is $376.

  (2)   However, if you are entitled to 2 or more such notional tax offsets for the income year in relation to individuals covered by subparagraph   961 - 5(1)(c)(ii), the amount of the notional tax offset under section   961 - 5 is:

  (a)   in relation to the oldest of those individuals--$376; and

  (b)   in relation to each of the others--$282.