Commonwealth Numbered Acts

HEALTH INSURANCE LEVY ASSESSMENT AMENDMENT ACT 1978 No. 90 of 1978 - SECT 4

4. (1) Section 251U of the Principal Act is amended-

(a) by omitting from sub-section (1) ''other''; and

   (b)  by omitting sub-sections (2) and (3) and substituting the following
        sub-section:

''(2) If, in the assessment of a taxpayer in respect of income of a year of
income, a rebate is, or rebates are, allowable to the taxpayer under this
section or under an Act imposing levy for that year of income, that rebate, or
the sum of those rebates, as the case may be, shall not exceed the amount of
levy that, but for that rebate or those rebates, would be payable by the
taxpayer in respect of income of that year of income.''.

(2) The amendments made by sub-section (1) apply to assessments in respect of
income of the year of income commencing on 1 July 1978 and to assessments in
respect of income of all subsequent years of income.