Clean Energy (Household Assistance Amendments) Act 2011 (141 of 2011)

Schedule 6   Low income supplement

Part 2   Application and transitional provisions

10   Transitional - tax requirement for claims made in the 2012-13 income year

(1) For a person who makes a claim for low income supplement for the 2012-13 income year:

(a) subsection 916E(1) of the Social Security Act 1991, as inserted by this Schedule, does not apply in relation to the claim; and

(b) the person is taken to satisfy the tax requirement referred to in subparagraph 916B(a)(iii) of that Act (as inserted by this Schedule) for the 2011-12 income year if the person satisfies the requirement in subitem (2).

(2) A person satisfies this subitem if:

(a) the person has an accepted taxable income (within the meaning of subsection 916E(2) of the Social Security Act 1991, as inserted by this Schedule) for the 2011-12 income year; and

(b) the amount of income tax owed by the person for that year, as worked out under subsection 4-10(3) of the Income Tax Assessment Act 1997 by reference to the person's accepted taxable income, is less than $300.