Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)

Schedule 3   Working Australians tax offset

Part 1   Amendments

Division 1   Main amendments

Income Tax Assessment Act 1997
2   Subsection 63-10(1) (before table item 5)

Insert:

3

*Tax offset under Subdivision 61-E (working Australians tax offset)

You cannot get a refund of it, you cannot transfer it and you cannot carry it forward to a later income year


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