Section Sch50-“ 80KG — Income Tax Act 2007: Notifying Commissioner of events affecting notice of entitlement

“ 80KG Notifying Commissioner of events affecting notice of entitlement “ (1) Subsection (2) applies when— “ (a) a person has been given a notice of entitlement; and “ (b) 1 or more of the events described in subsection (3) occur within the period starting on the date of the notice of entitlement and ending on the last day of the selected period. “ (2) The person must notify the Commissioner immediately if an event of the kind described in subsection (3) occurs that may result in the person losing their entitlement. “ (3) The events include— “ (a) the person or their spouse, civil union partner, or de facto partner stops being the principal caregiver of a child, and the person expects that they will not resume the role of principal caregiver for a period of more than 56 consecutive days; or “ (b) the person starts or stops being a spouse, civil union partner, or de facto partner; or “ (c) any other event of a kind set out in the notice of entitlement for the purposes of this subsection. “ (4) Subsection (5) applies when— “ (a) a notice of entitlement has been issued to a person; and “ (b) 1 or more of the events described in subsection (6) occur. “ (5) The person may notify the Commissioner if an event of the kind described in subsection (6) occurs that may change a person’s entitlement. “ (6) The events include— “ (a) the person or their spouse, civil union partner, or de facto partner becomes the principal caregiver of any child; or “ (b) something happens that the person thinks may affect their entitlement to the tax credit specified in the notice of entitlement; or “ (c) the notice of entitlement is lost or destroyed. “ Compare: 2004 No 35 s KD 5(9)