A NEW TAX SYSTEM (FAMILY ASSISTANCE) (ADMINISTRATION) ACT 1999 - SECT 20 Determination of rate may be based on estimate

Commonwealth Numbered Acts

Determination of rate may be based on estimate

(a): an individual's rate of family tax benefit is required to be calculated for the purpose of making a determination under this Division; and
(b): information about an amount needed for the calculation of the rate is not available (for example, because the taxable income of the individual or another individual cannot be known until after the end of the relevant income year); and
(c): the individual gives the Secretary an estimate of the amount needed; and
(d): the Secretary considers the estimate to be reasonable;

the Secretary may determine the individual's rate of family tax benefit on the basis of the estimate.

(2): If the individual does not give the Secretary an estimate of the amount needed that the Secretary considers reasonable, the rate cannot be calculated and section 19 applies.