Tax Laws Amendment (2011 Measures No. 4) Act 2011 (43 of 2011)
Schedule 2 Low-income taxpayer rebate
Income Tax Assessment Act 1997
4 Subsection 63-10(1) (after table item 15)
Insert:
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17 |
*Tax offset under section 159N of the Income Tax Assessment Act 1936 (rebate for certain low-income taxpayers) |
You cannot get a refund of it, you cannot transfer it and you cannot carry it forward to a later income year |