Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 380-5 Claims by individuals, corporate tax entities and superannuation funds
Entitlement
380-5(1)
An entity is entitled to a *tax offset for an income year if:
(a) the *Housing Secretary issues an *NRAS certificate in relation to an *NRAS year to the entity (other than in the entity ' s capacity (if any) as the *NRAS approved participant of an *NRAS consortium); and
(b) the income year begins in the NRAS year; and
(c) the entity is an individual, a *corporate tax entity or a *superannuation fund.
Amount
380-5(2)
The amount of the entity ' s *tax offset is the amount stated in the *NRAS certificate.
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