Income Tax Regulations 1936 (Repealed)

PART 8 - REBATE FOR LOW INCOME AGED PERSONS AND PENSIONERS AND REBATE IN RESPECT OF CERTAIN BENEFITS

Division 1A - Rebate under sections 160AAAA and 160AAAB of the Act

REGULATION 150AA

150AA DEFINITIONS
In this Division:

"equivalent circumstances income limit"
(Omitted by SR No 45 of 2002)

"rebate amount"
(Omitted by SR No 45 of 2002)

"rebate threshold"
has the meaning given by subregulations 150AB(3) and (3A) ;

relevant income-recipient
means the beneficiary of a trust, if the trustee in relation to the trust:

(a) is the taxpayer; and

(b) is liable to be assessed under section 98 of the Act in respect of the beneficiary ' s share of the net income of the trust estate.