Tax Laws Amendment (2012 Measures No. 6) Act 2013 (84 of 2013)
Schedule 5 Rebate for medical expenses
Income Tax Assessment Act 1936
17 Subsection 159P(3A)
Repeal the subsection, substitute:
(3A) A taxpayer is entitled to a rebate of tax in the taxpayer's assessment in respect of income of a year of income if one or more rebatable medical expense amounts are applicable to the taxpayer in respect of the year.
(3AA) The amount of the rebate is:
(a) if the medical expense rebate higher phase-in limit applies - 10% of the amount by which the total of the rebatable medical expense amounts exceeds the medical expense rebate higher phase-in limit; or
(b) otherwise - 20% of the amount by which the total of the rebatable medical expense amounts exceeds the medical expense rebate lower phase-in limit.
Note: For the phase-in limits, see section 159Q.
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