Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)
Schedule 3 Working Australians tax offset
Part 1 Amendments
Division 1 Main amendments
Income Tax Assessment Act 1997
2 Subsection 63-10(1) (before table item 5)
Insert:
|
3 |
*Tax offset under Subdivision 61-E (working Australians tax offset) |
You cannot get a refund of it, you cannot transfer it and you cannot carry it forward to a later income year |