Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 17 - Rebates  

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Subdivision B - Miscellaneous  

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SECTION 160ADA  

160ADA   MOST TAX OFFSETS UNDER THE 1997 ASSESSMENT ACT ARE TREATED AS REBATES  

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A tax offset under a provision of the Income Tax Assessment Act 1997 is taken to be a rebate for the purposes of this Act, unless that provision corresponds to a provision of this Act that provides for a credit.

Note:

If the tax offset provision does correspond to a credit provision, the tax offset is treated as a credit: see section 6D .

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History

S 160ADA amended by No 143 of 2007 , s 3 and Sch 1 item 63, by substituting " 6D " for " 160AHA " in the note, applicable in relation to income years, statutory accounting periods and notional accounting periods starting on or after the first 1 July that occurs after 24 September 2007. For savings provisions, see note under s 559A .

S 160ADA inserted by No 47 of 1998.

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