Income Tax Amendment Regulations 2009 (No. 2) (156 of 2009)
Schedule 2 Amendments
[4] After paragraph 150AD (b)
insert
(c) for a later year of income:
(i) if the relevant income-recipient's rebate income of the year of income does not exceed his or her rebate threshold - the taxpayer's rebate amount; or
(ii) if the relevant income-recipient's rebate income of the year of income exceeds his or her rebate threshold - the taxpayer's rebate amount, reduced by 12.5 cents for each $1 of the amount of the excess.
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