Commonwealth Consolidated Acts Commonwealth Consolidated Acts
Income Tax Assessment Act 1936
1 Subsection 160AAA(1) (at the end of the definition of rebatable benefit )
Add:
; or (f) known as an interim income support payment and paid under section 33 of the Financial Management and Accountability Act 1997 .
Income Tax Assessment Act 1997
2 Section 13 - 1 (after table item headed "interest")
Insert:
interim income support payment |
|
see social security and other benefit payments |
|
3 Section 13 - 1 (table item headed "primary production")
After:
farm household support see social security and other benefit payments |
|
insert:
interim income support payments see social security and other benefit payments |
|
4 Section 13 - 1 (table item headed "social security and other benefit payments")
After:
farm household support under the Farm Household Support Act 1992 |
|
insert:
interim income support payment ................ | 160AAA(3) |
5 Application
The amendments made by this Schedule apply to payments received in the 2005 - 06 income year and later income years.