32CRelevant reconciliation time—first individual must lodge tax return

#### 32C Relevant reconciliation time—first individual must lodge tax return (1) This section applies to the first individual for a same‑rate benefit period if: (a) the first individual is or was required to lodge an income tax return for the relevant income year; and (b) clause 38L of Schedule 1 to the Family Assistance Act did not apply to the first individual at any time during the same‑rate benefit period. (2) Disregard paragraph (1)(b) if the first individual was a member of a couple at any time during the same‑rate benefit period. (3) The relevant reconciliation time is the time when an assessment is made under the Income Tax Assessment Act 1936 of the first individual’s taxable income for the relevant income year, so long as the first individual’s income tax return for the relevant income year was lodged before the end of: (a) the first income year after the relevant income year; or (b) such further period (if any) as the Secretary allows, if the Secretary is satisfied that there are special circumstances that prevented the first individual from lodging the return before the end of that first income year. (4) The further period under paragraph (3)(b) must end no later than the end of the second income year after the relevant income year.