Income Tax Assessment Act 1997
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Hide history noteSECTION 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.
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