TAX BONUS FOR WORKING AUSTRALIANS ACT (NO 2) 2009 (REPEALED)

SECTION 5   ENTITLEMENT TO TAX BONUS  

5(1)    
A person is entitled to a payment (known as the tax bonus ) for the 2007-08 income year if:

(a) the person is an individual; and

(b) the person is an Australian resident for that income year; and

(c) the person ' s adjusted tax liability for that income year is greater than nil; and

(d) the person ' s taxable income for that income year does not exceed $100,000; and

(e) the person lodges his or her income tax return for that income year no later than:

(i) unless subparagraph (ii) applies - 30 June 2009; or

(ii) if, before the commencement of this Act, the Commissioner deferred the time for lodgment of the return under section 388-55 in Schedule 1 to the Taxation Administration Act 1953 to a day later than 30 June 2009 - that later day.

Exception for persons aged under 18 without employment income etc.

5(2)    
However, the person is not entitled to the tax bonus for the 2007-08 income year if:

(a) he or she is a prescribed person in relation to that income year and is not an excepted person in relation to that income year; and

(b) his or her assessable income for the income year does not include excepted assessable income.