Aged persons savings bonus component

(1)

An ATO client is qualified for the aged persons savings bonus component of a bonus payment if:

(a)

he or she is aged 60 or more on 1 July 2000; and

(b)

he or she is an Australian resident on 1 July 2000; and

(c)

his or her taxable income as shown in his or her assessment is less than $30,000, and he or she has adjusted savings and investment income, for the qualifying year, or for either or each of the qualifying years, specified in the claim; and

(d)

the amount of the component, worked out under subsection 45(4), is greater than nil.

Self-funded retirees supplementary bonus component—person aged over 61 ¹ /2 (woman) or over 65 (man)

(2)

An ATO client is qualified for the self-funded retirees supplementary bonus component of a bonus payment if:

(a)

on 1 July 2000, he is aged 65 or more or she is aged 61 ¹ /2 or more; and

(b)

he or she is an Australian resident on 1 July 2000; and

(c)

his or her taxable income as shown in his or her assessment for the qualifying year, or for either or each of the qualifying years, is less than $30,000, and he or she has adjusted savings and investment income of more than $1,000, for that year or those years; and

(d)

at least one of the following applies:

(i)

he or she did not receive a disqualifying payment at any time during the period from the start of 1 April 2000 until the end of 1 July 2000;

(ii)

he or she received a disqualifying payment during the period from the start of 1 April 2000 until the end of 30 June 2000, his or her partner died during that period and he or she is not receiving a disqualifying payment on 1 July 2000;

(iii)

he or she received a disqualifying payment during the period from the start of 1 April 2000 until the end of 1 July 2000 in a circumstance prescribed by the regulations for the purposes of this subparagraph; and

(e)

the amount of the self-funded retirees supplementary bonus component, worked out under subsection 45(5), is greater than nil.

Self-funded retirees supplementary bonus component—person aged between 55 and 61 ¹ /2 (woman) or 65 (man)

(3)

An ATO client is qualified for the self-funded retirees supplementary bonus component of a bonus payment if:

(a)

on 1 July 2000:

(i)

he or she is aged 55 or more; and

(ii)

he is aged under 65 or she is aged under 61 ¹ /2; and

(b)

he or she is an Australian resident on 1 July 2000; and

(c)

his or her taxable income as shown in his or her assessment for the qualifying year, or for either or each of the qualifying years, is less than $30,000, and he or she has annual adjusted savings and investment income for that year or those years; and

(d)

his or her adjusted business and wages income for the 1999-2000 income year does not exceed $1,000; and

(e)

he or she did not receive a disqualifying payment at any time during the 1999-2000 income year; and

(f)

the amount of the self-funded retirees supplementary bonus component, worked out under whichever of subsections 45(5) and (6) applies, is greater than nil.