Commonwealth Numbered Acts

SUPERANNUATION LAWS AMENDMENT (2004 MEASURES NO. 1) ACT 2004 NO. 92, 2004 - SCHEDULE 1

Income Tax Assessment Act 1936

Repeal the note, substitute:

Note: See also section 26-80 of the Income Tax Assessment Act 1997 for cases in which a deduction that a person is entitled to under this section is denied.

Income Tax Assessment Act 1997

2 At the end of subsection 26-80(3)

Add:

; and (c) you are not entitled to a Government co-contribution payable under the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 in respect of the contribution.
3 Application of item 2

The amendment made by item 2 of this Schedule applies to assessments for the 2004-2005 income year and for subsequent income years.

Superannuation (Government Co-contribution for Low Income Earners) Act 2003

4 Paragraph 6(1)(b)

Repeal the paragraph, substitute:

(b) 10% or more of the person's total income for the income year is attributable to eligible employment of the person; and
5 Subsection 6(2)

Repeal the subsection, substitute:

(2)

In this section: