Commonwealth Numbered Regulations

INCOME TAX AMENDMENT REGULATIONS 2002 (NO. 2) 2002 NO. 45 - SCHEDULE 1

(regulation 3)

[1] Regulation 150AA, definitions of equivalent circumstances income limit and rebate amount

omit

[2] Subregulations 150AB (1), (2) and (2A)

substitute

(1)

For subsection 160AAAA (3) or 160AAAB (3) of the Act, the amount mentioned is:

(2)

A taxpayer's rebate amount for a year of income is the amount in the relevant item in the following table:

(2A) For subregulation (2):

"member of a couple" means a person (other than a member of an illness-separated couple) who, at any time in the year of income, was the spouse of another person.

"member of an illness-separated couple "means a person who, at any time in the year of income:

(a)

is entitled to receive an illness-separated-rate social security pension or illness-separated-rate service pension; or

(b)

is the spouse of another person from whom the spouse is separated in circumstances in which, if the spouse was otherwise entitled to receive a partnered-rate social security pension, the spouse would be entitled to receive an illness-separated-rate social security pension.

"single person" means a person who, at any time in the year of income is not the spouse of another person.

(2B)

If, in a year of income, more than one item in the table in subregulation

(2)

applies to a taxpayer, the taxpayer's rebate amount is the amount that gives the taxpayer the greatest rebate entitlement.

[3] Subregulation 150AB (3) , definition of rebate amount

omit

subregulations (2) and (2A).

insert

subregulation (2).

[4] Regulation 150AC

omit

[5] Subregulations 150AE (8) and (9)

omit

[6] Subregulations 150AF (8) and (9)

omit