Reg 150AD amended by SLI No 39 of 2015, reg 4 and Sch 1 item 20, by substituting para (b) and (c) for para (a) and (b), effective 1 July 2015. Para (b) and (c) formerly read:
(a)
(Repealed by SLI No 91 of 2012)
(b)
for a year of income ending after 30 June 1997 and before 1 July 2009:
(i)
if the relevant income-recipient
'
s taxable income of the year of income does not exceed his or her rebate threshold
-
the taxpayer
'
s rebate amount; or
(ii)
if the relevant income-recipient
'
s taxable income of the year of income exceeds his or her rebate threshold
-
the taxpayer
'
s rebate amount, reduced by 12.5 cents for each $1 of the amount of the excess; and
(c)
for a later year of income:
(i)
if the relevant income-recipient
'
s rebate income of the year of income does not exceed his or her rebate threshold
-
the taxpayer
'
s rebate amount; or
(ii)
if the relevant income-recipient
'
s rebate income of the year of income exceeds his or her rebate threshold
-
the taxpayer
'
s rebate amount, reduced by 12.5 cents for each $1 of the amount of the excess.
Reg 150AD amended by SLI No 91 of 2012, reg 3 and Sch 1 item 9, by repealing para (a), effective 1 July 2012. Para (a) formerly read:
(a)
for the year of income ending on 30 June 1997:
(i)
if the relevant income-recipient
'
s taxable income of the year of income does not exceed his or her rebate threshold
-
half the taxpayer
'
s rebate amount; or
(ii)
if the relevant income-recipient
'
s taxable income of the year of income exceeds his or her rebate threshold
-
half the taxpayer
'
s rebate amount as reduced by 12.5 cents for each $1 of the amount of the excess; and
Reg 150AD amended by SLI No 156 of 2009, reg 4 and Sch 2 items 2 to 4, by substituting
"
for a year of income ending after 30 June 1997 and before 1 July 2009:
"
for
"
for a later year of income:
"
in para (b), substituting
"
the excess; and
"
for
"
the excess.
"
in para (b)(ii) and inserting para (c), effective 1 July 2009.
Reg 150AD inserted by SR No 148 of 1997.