Tax Laws Amendment (2006 Measures No. 5) Act 2006 (110 of 2006)
Schedule 3 Removing part-year tax-free threshold for taxpayers who have ceased to be full-time students
Income Tax Rates Act 1986
8 Subsection 20(1)
Repeal the subsection, substitute:
(1) If there are one or more part-year residency periods in relation to a person in relation to a year of income, this Act applies in relation to the person and the year of income as if the reference in the table in Part I of Schedule 7 to $6,000 were a reference to the amount calculated in accordance with the following formula:
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