Income Tax Assessment Act 1997

Pt 2-20 inserted by No 56 of 1997.

Div 61 inserted by No 56 of 1997.

Subdiv 61-I repealed by No 49 of 2019, s 3 and Sch 4 item 76, effective 1 July 2019.

Subdivision 61-I inserted by No 32 of 2002.

S 61-415 repealed by No 49 of 2019, s 3 and Sch 4 item 76, effective 1 July 2019. S 61-415 formerly read:

SECTION 61-415 Formula for working out amount of tax offset  
61-415
The amount of your *tax offset under sections 61-355 and 61-440 for an income year is the amount (rounded up to the nearest whole dollar) worked out using the formula:

Entitlement amount

×

Total of the entitlement days 365

where:

entitlement amount
has the meaning given by section 61-420.

total of the entitlement days
has the meaning given by section 61-425.

S 61-415 amended by No 23 of 2005 and inserted by No 32 of 2002.