Reg 24 repealed by SLI No 39 of 2015, reg 4 and Sch 1 item 74, effective 1 July 2015. Reg 24 formerly read:
REGULATION 24 PRESCRIBED TAX OFFSETS FOR WITHHOLDING SCHEDULES (ACT S 15-30 OF SCHEDULE 1)
24
For the purposes of paragraph 15-30(d) of Schedule 1 to the Act, the following tax offsets are prescribed:
(a)
a zone rebate mentioned in section 79A of the
Income Tax Assessment Act 1936
;
(b)
a concessional rebate mentioned in section 159J or 159L of that Act;
(ba)
an offset under Subdivision 61-A of the 1997 Tax Act;
(c)
an offset under any of the following provisions:
(i)
section 82-10 of the 1997 Tax Act;
(ii)
section 82-70 of the 1997 Tax Act;
(iii)
section 82-10A of the
Income Tax (Transitional Provisions) Act 1997
;
(iv)
section 82-10C of the
Income Tax (Transitional Provisions) Act 1997
.
(v)
Subdivision 83A of the 1997 Tax Act;
(ca)
an offset under any of the following provisions:
(i)
Subdivision 301-B of the 1997 Tax Act;
(ii)
Subdivision 301-C of the 1997 Tax Act;
(iii)
section 302-75 of the 1997 Tax Act;
(iv)
section 302-85 of the 1997 Tax Act;
(v)
section 302-145 of the 1997 Tax Act;
(d)
a rebate for low income aged persons and pensioners mentioned in section 160AAAA of the
Income Tax Assessment Act 1936
;
(e)
(Repealed by SLI No 279 of 2013)
(f)
18% of the rebate mentioned in section 159N of the
Income Tax Assessment Act 1936
.
Reg 24 amended by SLI No 279 of 2013, reg 4 and Sch 1 item 8, by substituting para (f) for para (e) and (f), applicable on and after 1 July 2014. Para (e) and (f) formerly read:
(e)
for a year of income commencing before 1 July 2012
-
70% of the rebate mentioned in section 159N of the
Income Tax Assessment Act 1936
;
(f)
for a year of income commencing on 1 July 2012, 1 July 2013 or 1 July 2014
-
18% of the rebate mentioned in section 159N of the
Income Tax Assessment Act 1936
.
Reg 24 amended by SLI No 279 of 2013, reg 4 and Sch 1 item 7, by inserting para (ba), applicable on and after 1 July 2013.
Reg 24 amended by SLI No 92 of 2012, reg 3 and Sch 1 item 1, by substituting para (d) to (f) for para (d) and (e), effective 1 July 2012. Para (d) and (e) formerly read:
(d)
a rebate for low income aged persons mentioned in section 160AAAA of the
Income Tax Assessment Act 1936
;
(e)
70% of the rebate mentioned in section 159N of the
Income Tax Assessment Act 1936
.
Reg 24 amended by SLI No 84 of 2011, reg 3 and Sch 1 item 1, by substituting
"
70%
"
for
"
50%
"
, effective 7 June 2011.
Reg 24 amended by SLI No 135 of 2008, reg 3 and Sch 1 items 1 and 2, by inserting para (e), effective 1 July 2008.
Reg 24 amended by SLI No 106 of 2007, reg 3 and Sch 1 item 1, by substituting para (c), (ca) and (d) for para (c) and (d), applicable in relation to a financial year commencing on or after 1 July 2007. Para (c) and (d) formerly read:
(c)
a rebate mentioned in section 159SA, 159SM, 159SU or 159ZRA of that Act;
(d)
a rebate for low income aged persons mentioned in section 160AAAA of that Act.
Reg 24 amended by SR No 164 of 2001 and inserted by SR No 73 of 2000.
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