Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 5   Amendments relating to home child care allowance and dependant rebate

55   Rebates for residents of isolated areas

Section 79A of the Principal Act is amended by omitting from subsection (4) the definition of "relevant rebate amount" and substituting the following definition:

" 'relevant rebate amount', in relation to a taxpayer in relation to a year of income, means the sum of the following rebates (if any):

(a) any rebate to which the taxpayer is entitled in respect of the year of income under section 159K or 159L;

(b) any rebate to which the taxpayer is entitled under section 159J in respect of a dependant included in class 2, 5 or 6 in the table in subsection 159J(2);

(c) any rebate to which the taxpayer would, disregarding subsection 159J(1A), be entitled under section 159J in respect of a dependant included in class 3 or 4 in the table in subsection 159J(2);

(d) any rebate to which the taxpayer would be entitled under section 159J in respect of a dependant included in class 1 in the table in subsection 159J(2) if the amendments made by Division 5 of Part 2 of the Taxation Laws Amendment Act (No. 3) 1994 had not been made.".

SECT 56

Rebates for members of Defence Force serving overseas

Section 79B of the Principal Act is amended:

(a) by omitting subparagraph (2)(a)(ii) and substituting the following subparagraph:

"(ii) an amount equal to 50% of the concessional rebate amount; or";

(b) by omitting paragraph (4)(b) and substituting the following paragraph:

"(b) an amount equal to 50% of the concessional rebate amount.";

(c) by omitting subparagraph (4A)(b)(ii) and substituting the following subparagraph:

"(ii) an amount equal to 50% of the concessional rebate amount;";

(d) by inserting in subsection (6) the following definition:

" 'concessional rebate amount', in relation to a taxpayer in relation to a year of income, means the sum of the following rebates (if any):

(a) any rebate to which the taxpayer is entitled under section 159K or 159L in respect of the year of income;

(b) any rebate to which the taxpayer is entitled under section 159J in respect of a dependant included in class 2, 5 or 6 in the table in subsection 159J(2);

(c) any rebate to which the taxpayer would, disregarding subsection 159J(1A), be entitled under section 159J in respect of a dependant included in class 3 or 4 in the table in subsection 159J(2);

(d) any rebate to which the taxpayer would be entitled under section 159J in respect of a dependant included in class 1 in the table in subsection 159J(2) if the amendments made by Division 5 of Part 2 of the Taxation Laws Amendment Act (No. 3) 1994 had not been made;".