TAX BONUS FOR WORKING AUSTRALIANS ACT (NO 2) 2009 (REPEALED)
A person is entitled to a payment (known as the tax bonus ) for the 2007-08 income year if:
(a) the person is an individual; and
(b) the person is an Australian resident for that income year; and
(c) the person ' s adjusted tax liability for that income year is greater than nil; and
(d) the person ' s taxable income for that income year does not exceed $100,000; and
(e) the person lodges his or her income tax return for that income year no later than:
(i) unless subparagraph (ii) applies - 30 June 2009; or
(ii) if, before the commencement of this Act, the Commissioner deferred the time for lodgment of the return under section 388-55 in Schedule 1 to the Taxation Administration Act 1953 to a day later than 30 June 2009 - that later day.
Exception for persons aged under 18 without employment income etc.
5(2)
However, the person is not entitled to the tax bonus for the 2007-08 income year if:
(a) he or she is a prescribed person in relation to that income year and is not an excepted person in relation to that income year; and
(b) his or her assessable income for the income year does not include excepted assessable income.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
