Treasury Laws Amendment (2023 Measures No. 3) Act 2023 (75 of 2023)
Schedule 4 Improving the flexibility of the First Home Super Saver Scheme
Income Tax Assessment Act 1997
9 Section 313-15
Omit:
An amount is included in your assessable income, and you are entitled to a tax offset, if an amount is paid in response to a release authority issued in respect of you.
substitute:
An amount is included in your assessable income, and you are entitled to a tax offset, if:
(a) an amount is paid in response to a release authority issued in respect of you; and
(b) your entitlement to a credit relating to that amount has not ceased.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
