Income Tax Assessment Act 1997

Pt 2-20 inserted by No 56 of 1997.

Div 61 inserted by No 56 of 1997.

Subdiv 61-K repealed by No 20 of 2015, s 3 and Sch 1 item 2, applicable to assessments for the 2014-15 income year and later income years.

Subdiv 61-K inserted by No 77 of 2005.

S 61-560 repealed by No 20 of 2015, s 3 and Sch 1 item 2, applicable to assessments for the 2014-15 income year and later income years. S 61-560 formerly read:

SECTION 61-560 Entitlement to the mature age worker tax offset  
61-560
You are entitled to a *tax offset for an income year if you are an Australian resident individual who was born on or before 30 June 1957.

Note:

However, the amount of the tax offset is nil if you have no net income from working or your net income from working is over $63,000 (or $58,000 for the 2004-2005 income year).

S 61-560 amended by No 184 of 2012, s 3 and Sch 2 item 3, by substituting " was born on or before 30 June 1957 " for " is aged 55 or over at the end of the income year " , applicable to assessments for the 2012-13 income year and later income years.

S 61-560 amended by No 143 of 2007 , s 3 and Sch 7 item 36, by substituting " you have " for " have you " in the note, effective 24 September 2007.

S 61-560 inserted by No 77 of 2005.