Families, Community Services and Indigenous Affairs and Other Legislation (2006 Budget and Other Measures) Act 2006 (82 of 2006)

Schedule 11   Definition

A New Tax System (Family Assistance) (Administration) Act 1999

1   Subsection 3(1) (definition of income tax refund )

Repeal the definition, substitute:

income tax refund means an amount payable to a person:

(a) in respect of an overpayment of income tax imposed by the Income Tax Act 1986; or

(b) in respect of an overpayment of Medicare levy payable in accordance with Part VIIB of the Income Tax Assessment Act 1936; or

(c) in respect of an overpayment of an amount payable by the person by an assessment made under Part IV of the Income Tax Assessment Act 1936 because of:

(i) subsection 106U(1) of the Higher Education Funding Act 1988; or

(ii) section 154-60 of the Higher Education Support Act 2003; or

(iii) subsection 12ZN(1) of the Student Assistance Act 1973; or

(d) as a refund of a tax offset that is subject to the refundable tax offset rules under Division 67 of the Income Tax Assessment Act.