Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-20 - TAX OFFSETS  

Division 61 - Generally applicable tax offsets  

Subdivision 61-E - Working Australians tax offset  

Operative provisions

SECTION 61-160  

61-160   Amount of the working Australians tax offset  
The amount of your * tax offset for an income year is the lesser of:

(a)    $ 250; and

(b)    the amount that would be the amount of your basic income tax liability for the income year if your taxable income was comprised only of your net labour income worked out under subsection 61-155(2) for the income year.