PRIVATE HEALTH INSURANCE INCENTIVES ACT 1997

***** Repealed 1 July 2000 *****

PART 2 - THE INCENTIVES SCHEME

Division 3 - Who is eligible to participate in the scheme?

SECTION 3-5   MEANING OF TAXABLE INCOME  

3-5    In section 3-3 or 3-4:

taxable income , in relation to a person, means the person's taxable income, within the meaning of the Income Tax Assessment Act 1936, for the financial year in question, and includes any share in the net income of a trust estate:

(a)  to which the person is presently entitled as a beneficiary; and

(b)  in respect of which the trustee of the trust estate in that capacity is liable to be assessed under section 98 of that Act; and

(c)  that is attributable to that financial year. NODIV

Division 4 - (not reproduced)