Tax Laws Amendment (Simplified Superannuation) Act 2007 (9 of 2007)

Schedule 6   Government Co-contribution for Low Income Earners

Superannuation (Government Co-contribution for Low Income Earners) Act 2003

8   At the end of section 8


(2) However, the person’s total income for the income year is reduced by amounts (if any) for which the person is entitled to a deduction as a result of carrying on a business (within the meaning of the Income Tax Assessment Act 1997).

(3) Subsection (2) does not apply for the purposes of paragraph 6(1)(b).