Contents

Part 1--Preliminary                                                                                                             1

1............ Name................................................................................................... 1

2............ Commencement................................................................................... 1

3............ Authority............................................................................................. 1

4............ Definitions.......................................................................................... 1

Part 2--Liability to taxation--general                                                                      4

5............ Class of persons serving with an armed force under the control of the United Nations           4

6............ Defence Force members performing certain overseas duty--eligible duty               4

Part 3--Income                                                                                                                        7

7............ Annuities and superannuation pensions--Life Tables........................ 7

Part 4--Deductions                                                                                                               8

8............ Excluded car parking facilities............................................................. 8

Part 5--Rebates                                                                                                                      9

Division 1--Tax rebate for low income aged persons and pensioners 9

9............ Key concepts....................................................................................... 9

10.......... Entitlement to rebate.......................................................................... 11

11.......... Amount of rebate.............................................................................. 11

12.......... Transfer of unused base rebate amount from individual taxpayer to spouse or spouse's trustee              12

Division 2--Rebate in respect of certain benefits etc.                               15

13.......... Amount of rebate.............................................................................. 15

Part 6--Returns and assessments                                                                              16

14.......... Amendment of assessments.............................................................. 16

Part 7--Public officers                                                                                                      21

15.......... Appointment of public officer........................................................... 21

Part 8--Attribution of income in respect of controlled foreign companies            22

16.......... Interpretation..................................................................................... 22

17.......... Items of designated concession income............................................. 22

18.......... Accruals tax laws.............................................................................. 29

19.......... Listed countries................................................................................. 30

20.......... Capital gains regarded as subject to tax............................................. 30

21.......... State foreign taxes that are treated as federal foreign taxes................ 32

Part 9--Application and transitional provisions                                               33

22.......... Application of this instrument........................................................... 33

23.......... Application of the Income Tax and Other Laws (Repeal and Consequential Amendments) Regulation 2015         33

 

  

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