Treasury Laws Amendment (Cost of Living Support and Other Measures) Act 2022 (14 of 2022)

Schedule 6   Low and Middle Income tax offset

Income Tax Assessment Act 1997

3   After subsection 61-107(1)

Insert:

(1A) The amount of your *tax offset is increased by $420 if:

(a) the income year is the 2021-22 income year; and

(b) your relevant income is not $126,000.