S 9 inserted by No 52 of 2015, s 3 and Sch 1 item 2, applicable in relation to the 2016-17 year of income and later years of income.
Former s 9 repealed by No 27 of 2009, s 3 and Sch 3 item 25, applicable in relation to income years starting on or after 1 July 2009. S 9 formerly read:
SECTION 9 WHAT IS A PERSON
'
S
TAXABLE INCOME
FOR A YEAR OF INCOME?
9(1)
A person
'
s
taxable income
for a year of income is the amount that would be the person
'
s taxable income for the purposes of the Assessment Act apart from subsection 271-105(1) of Schedule 2F to that Act.
9(2)
However, if a person is entitled to a tax offset under subsection 301-20(2) of the
Income Tax Assessment Act 1997
for a year of income, the person
'
s
taxable income
for the year of income is the amount worked out under subsection (1), reduced by the amount mentioned in subsection 301-20(3) of that Act for the person for the year.
History
S 9(2) substituted by No 15 of 2007, s 3 and Sch 1 item 9, applicable to the 2007-2008 income year and later years. S 9(2) formerly read:
9(2)
However, if a person is entitled under subsection 159SA(1) of the Assessment Act to a rebate for a year of income to ensure that the rate of tax on one or more rebatable amounts specified in Table 1 in that subsection is 0%, the person
'
s
taxable income
for the year of income is the amount worked out under subsection (1), reduced by the total of the rebatable amounts.
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