Treasury Laws Amendment (2023 Measures No. 3) Act 2023 (75 of 2023)

Schedule 4   Improving the flexibility of the First Home Super Saver Scheme

Income Tax Assessment Act 1997

9   Section 313-15

Omit:

An amount is included in your assessable income, and you are entitled to a tax offset, if an amount is paid in response to a release authority issued in respect of you.

substitute:

An amount is included in your assessable income, and you are entitled to a tax offset, if:

(a) an amount is paid in response to a release authority issued in respect of you; and

(b) your entitlement to a credit relating to that amount has not ceased.