Tax Laws Amendment (2009 Measures No. 1) Act 2009 (27 of 2009)

Schedule 3   Reforms to income tests

Part 1   Key concepts

Income Tax Assessment Act 1936

2   Subsection 6(1)

Insert:

rebate income of an individual for a year of income is the sum of:

(a) the individual’s taxable income for the year of income; and

(b) the individual’s reportable superannuation contributions for the year of income; and

(c) the individual’s total net investment loss for the year of income; and

(d) the individual’s adjusted fringe benefits total for the year of income.