Veterans' Affairs Legislation Amendment (Exempting Disability Payments from Income Testing and Other Measures) Act 2021 (142 of 2021)

Schedule 1   Exempting adjusted disability pension from the social security income test and removal of Defence Force Income Support Allowance

Income Tax Assessment Act 1936

14   Saving provisions

(1) Section 160AAAA of the Income Tax Assessment Act 1936, as in force immediately before the commencement of this item, continues to apply on and after that commencement in relation to a year of income in which the assessable income of a taxpayer of the year of income includes an amount of Defence Force Income Support Allowance within the meaning of the Veterans' Entitlements Act 1986, or a DFISA-like payment mentioned in Division 4 of Part VIIAB of that Act, as in force immediately before that commencement.

(2) Section 160AAAB of the Income Tax Assessment Act 1936, as in force immediately before the commencement of this item, continues to apply on and after that commencement in relation to a year of income in which the assessable income of a beneficiary of the year of income includes an amount of Defence Force Income Support Allowance within the meaning of the Veterans' Entitlements Act 1986, or a DFISA-like payment mentioned in Division 4 of Part VIIAB of that Act, as in force immediately before that commencement.

(3) Paragraph 202EA(5)(j) of the Income Tax Assessment Act 1936, as in force immediately before the commencement of this item, continues to apply on and after that commencement in relation to a payment of Defence Force Income Support Allowance under Part VIIAB of the Veterans' Entitlements Act 1986 made before, on or after that commencement.