Income Tax Regulations 1936 (Repealed)

Pt 8 heading substituted by SLI No 91 of 2012, reg 3 and Sch 1 item 1, effective 1 July 2012. The heading formerly read:

PART 8 - REBATE FOR LOW INCOME AGED PERSONS AND IN RESPECT OF CERTAIN PENSIONS AND BENEFITS

Pt 8, formerly Pt VII, inserted and renumbered by SR No 192 of 1990.

Div 1A inserted by SR No 148 of 1997.

Reg 150AD amended by SLI No 39 of 2015, reg 4 and Sch 1 item 20, by substituting para (b) and (c) for para (a) and (b), effective 1 July 2015. Para (b) and (c) formerly read:

(a) (Repealed by SLI No 91 of 2012)

(b) for a year of income ending after 30 June 1997 and before 1 July 2009:

(i) if the relevant income-recipient ' s taxable 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 taxable 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; and

(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.

Reg 150AD amended by SLI No 91 of 2012, reg 3 and Sch 1 item 9, by repealing para (a), effective 1 July 2012. Para (a) formerly read:

(a) for the year of income ending on 30 June 1997:

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

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

Reg 150AD amended by SLI No 156 of 2009, reg 4 and Sch 2 items 2 to 4, by substituting " for a year of income ending after 30 June 1997 and before 1 July 2009: " for " for a later year of income: " in para (b), substituting " the excess; and " for " the excess. " in para (b)(ii) and inserting para (c), effective 1 July 2009.

Reg 150AD inserted by SR No 148 of 1997.