Income Tax Assessment (1936 Act) Regulation 2015
For subsection 160AAAA(1) or 160AAAB(1) of the Act, the amount of the rebate is ascertained in accordance with subsection (2) of this section (as affected by section 12 of this instrument).
11(2)
The amount of the rebate is:
(a) the base rebate amount for the rebate; or
(b) if:
(i) in the case of a rebate under section 160AAAA - the rebate income of the taxpayer; or
exceeds the rebate threshold for the rebate - the base rebate amount for the rebate, reduced by 12.5 cents for each $1 of the amount of the excess.
(ii) in the case of a rebate under section 160AAAB - the rebate income of the beneficiary;
Note:
The base rebate amount and the rebate threshold may be affected by section 12 .
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
