Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)
Schedule 1 Consequential amendments etc.
Part 2 Other consequential amendments etc.
A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Act 1999
9 Subsection 9(2)
Repeal the subsection, substitute:
(2) However, if a person is entitled to a tax offset under subsection 301-20(2) of the Income Tax Assessment Act 1997 for a year of income, the person's taxable income for the year of income is the amount worked out under subsection (1), reduced by the amount mentioned in subsection 301-20(3) of that Act for the person for the year.