Tax Laws Amendment (2009 Measures No. 2) Act 2009 (42 of 2009)
Schedule 4 National Urban Water and Desalination Plan
Part 1 Main amendments
Income Tax Assessment Act 1997
3 After section 67-20
Insert:
67-23 Refundable tax offsets
The following *tax offsets are subject to the refundable tax offset rules:
|
Refundable tax offsets |
||
|
Item |
Subject matter |
Tax offset |
|
5 |
private health insurance |
private health insurance tax offsets under Subdivision 61-G, other than those arising under subsection 61-205(2) |
|
10 |
children |
first child tax offsets under Subdivision 61-I |
|
15 |
no-TFN contributions income |
the *tax offset available under Subdivision 295-J |
|
20 |
films |
the *tax offsets available under Division 376 |
|
25 |
National Urban Water and Desalination Plan |
urban water tax offset under Subdivision 402-W |
|
30 |
life insurance company's subsidiary joining consolidated group |
the *tax offset available under subsection 713-545(5) |
|
35 |
research and development |
the *tax offset available under section 73I of the Income Tax Assessment Act 1936 |
Note 1: Subsection 61-205(2) of this Act deals with tax offsets for trustees who are assessed and liable to pay tax under section 98 of the Income Tax Assessment Act 1936.
Note 2: For the tax offsets available under Division 207 and Subdivision 210-H (franked distributions), see section 67-25.