Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-20
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TAX OFFSETS
Division 61
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Generally applicable tax offsets
Subdivision 61-G
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Private health insurance offset complementary to Part 2-2 of the Private Health Insurance Act 2007
Operative provisions
SECTION 61-205 Entitlement to the private health insurance tax offset 61-205(1)
You are entitled to a *tax offset for the 2012-13 income year or a later income year if:
(a) a premium, or an amount in respect of a premium, was paid by you or another entity during the income year under a *complying health insurance policy in respect of a period (the premium period ); and
(b) you are a *PHIIB in respect of the premium or amount; and
(c) each person insured under the policy during the premium period is, for the whole of the time that he or she is insured under the policy during the premium period:
61-205(2)
You are also entitled to the *tax offset if:
(a) you are a trustee who is liable to be assessed under section 98 of the Income Tax Assessment Act 1936 in respect of a share of the net income of a trust estate; and
(b) the beneficiary who is presently entitled to the share of the income of the trust estate would be entitled to the tax offset because of subsection (1).
61-205(3)
(Repealed by No 26 of 2012)
View history note
Hide history noteSECTION 61-205 Entitlement to the private health insurance tax offset 61-205(1)
You are entitled to a *tax offset for the 2012-13 income year or a later income year if:
(a) a premium, or an amount in respect of a premium, was paid by you or another entity during the income year under a *complying health insurance policy in respect of a period (the premium period ); and
(b) you are a *PHIIB in respect of the premium or amount; and
(c) each person insured under the policy during the premium period is, for the whole of the time that he or she is insured under the policy during the premium period:
(i) an eligible person (within the meaning of section 3 of the Health Insurance Act 1973 ); or
(ii) treated as such because of section 6, 6A or 7 of that Act.
61-205(2)
You are also entitled to the *tax offset if:
(a) you are a trustee who is liable to be assessed under section 98 of the Income Tax Assessment Act 1936 in respect of a share of the net income of a trust estate; and
(b) the beneficiary who is presently entitled to the share of the income of the trust estate would be entitled to the tax offset because of subsection (1).
61-205(3)
(Repealed by No 26 of 2012)
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