Income Tax Amendment Regulations 2009 (No. 2) (156 of 2009)

Schedule 2   Amendments

[4]   After paragraph 150AD (b)

insert

(c) for a later year of income:

(i) if the relevant income-recipient's rebate income of the year of income does not exceed his or her rebate threshold - the taxpayer's rebate amount; or

(ii) if the relevant income-recipient's rebate income of the year of income exceeds his or her rebate threshold - the taxpayer's rebate amount, reduced by 12.5 cents for each $1 of the amount of the excess.