Taxation Laws Amendment Act (No. 3) 1998 (47 of 1998)

Schedule 9  

Part 2   Income Tax Assessment Act 1936

8   After section 160AH

Insert:

160AHA Some tax offsets under the 1997 Assessment Act are treated as credits

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

Note: All other tax offsets under the Income Tax Assessment Act 1997 are treated as rebates: see section 160ADA.