Veterans' Entitlements, Treatment and Support (Simplification and Harmonisation) Act 2025 (17 of 2025)

Schedule 8   Consequential amendments

Part 1   Main amendments

Income Tax Assessment Act 1997

50   Subparagraph 52-145(1)(b)(iii)

Repeal the subparagraph.

51 Application of amendments

The amendments of section 52-114 of the Income Tax Assessment Act 1997 made by this Schedule apply in relation to the 2026-27 income year and later income years.

52 Saving provisions

(1) Paragraph 52-65(1)(ba) of the Income Tax Assessment Act 1997 and subsection 52-65(1G) of that Act, as in force immediately before the day this item commences, continue to apply on and after that day in relation to a clean energy payment that is made before, on or after that day under the scheme prepared under Part VII of the Veterans' Entitlements Act 1986.

(2) Paragraph 52-65(1)(e) of the Income Tax Assessment Act 1997 and subsection 52-65(1F) of that Act, as in force immediately before the day this item commences, continue to apply on and after that day in relation to a payment of a prisoner of war recognition supplement under Part VIB of the Veterans' Entitlements Act 1986 made before, on or after that day.

(3) Item 5.1 of the table in section 52-65 of the Income Tax Assessment Act 1997, as in force immediately before the day this item commences, continues to apply on and after that day in relation to a payment of decoration allowance made before, on or after that day.

(4) Item 15.1 of the table in section 52-65 of the Income Tax Assessment Act 1997, as in force immediately before the day this item commences, continues to apply on and after that day in relation to a payment of a section 99 funeral benefit made before, on or after that day.

(5) Item 16.1 of the table in section 52-65 of the Income Tax Assessment Act 1997, as in force immediately before the day this item commences, continues to apply on and after that day in relation to a payment of a section 100 funeral benefit made before, on or after that day.

(6) Item 20.1 of the table in section 52-65 of the Income Tax Assessment Act 1997, as in force immediately before the day this item commences, continues to apply on and after that day in relation to a payment of travelling expenses made before, on or after that day.

(7) Item 22.1 of the table in section 52-65 of the Income Tax Assessment Act 1997, as in force immediately before the day this item commences, continues to apply on and after that day in relation to a payment of Victoria Cross allowance made before, on or after that day.

(8) Subparagraph 52-145(1)(b)(iii) of the Income Tax Assessment Act 1997, as in force immediately before the day this item commences, continues to apply on and after that day in relation to a payment of an allowance or reimbursement under the scheme known as the Veterans' Children Education Scheme.