Clean Energy (Tax Laws Amendments) Act 2011 (159 of 2011)
Schedule 1 Low-income tax offset
Part 2 Amendments applying from the 2015-16 year of income
Income Tax Assessment Act 1936
5 Subsection 159N(2)
Repeal the subsection, substitute:
(2) The amount of the rebate is $300, reduced by 1 cent for every $1 of the amount (if any) by which the taxpayer's taxable income of the year of income exceeds $37,000.