Part 2
Amount of child support payable under formula assessment made by Commissioner
Election that child support income be based on estimated taxable income for current year
43Effect of revocation of election
When an election is revoked, or deemed to be revoked, the Commissioner must—
- adjust any formula assessment applying to the person on the basis of the person's original adjusted income; and
- take whatever steps are necessary to ensure that the amount of child support payable per day, during the election period to which the revoked election relates, reflects that adjusted assessment.
The revocation of an election does not prevent the Commissioner making a determination under Part 5A, 6A, or 6B, or the court making an order under Part 7, or a person making a further election.
Notes
- Section 43: replaced, on , by section 13 of the Child Support Amendment Act 2013 (2013 No 12).
- Section 43(1)(a): amended, on , by section 9(2) of the Child Support Amendment Act 2021 (2021 No 6).