Tax Laws Amendment (2005 Measures No. 4) Act 2005 (160 of 2005)

Schedule 1   Child care tax offset

Part 2   Consequential amendments

Taxation Administration Act 1953

12   Section 45-340 in Schedule 1 (method statement, step 1)

Repeal the step, substitute:

Step 1. The income tax payable on your *adjusted taxable income, or on your *adjusted withholding income, for the *base year is worked out disregarding any *tax offset under:

(a) Subdivision 61-H of the Income Tax Assessment Act 1997 (the private health insurance tax offset); or

(b) Subdivision 61-IA of the Income Tax Assessment Act 1997 (the child care tax offset); or

(c) Subdivision 61-J of the Income Tax Assessment Act 1997 (the 25% entrepreneurs' tax offset); or

(d) Subdivision 61-K of the Income Tax Assessment Act 1997 (the mature age worker tax offset); or

(e) section 205-70 of the Income Tax Assessment Act 1997 (the tax offset for *franking deficit tax liabilities); or

(f) section 159N of the Income Tax Assessment Act 1936 (the tax offset for certain low income earners); or

(g) section 159T of the Income Tax Assessment Act 1936 (the tax offset for superannuation contributions made for a spouse).