Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 1) Act 2017 (132 of 2017)

Schedule 1   First home super saver scheme

Part 3   Other amendments

Division 2   Income tests

Income Tax Assessment Act 1936

26   Subsection 6(1) (paragraph (a) of the definition of rebate income)

After "year of income", insert ", disregarding the individual's assessable FHSS released amount (within the meaning of the Income Tax Assessment Act 1997) for the year of income".