Commonwealth Numbered Acts

INCOME TAX (ARRANGEMENTS WITH THE STATES) ACT 1978 No. 87 of 1978 - SECT 75

75. Section 15 of the Income Tax (International Agreements) Act 1953*6* is
amended by inserting after sub-section (1) the following sub-section:

''(1A) For the purposes of the application in relation to a person of the
definition of 'the average rate of Australian tax' in sub-section (1), the
amount of income tax referred to in that definition shall, in the case of a
person who is entitled under a law of a State to the benefit of a payment made
by the State to the Commonwealth in partial discharge of the liability of
residents of the State for income tax in respect of the year of income, be
taken to be the amount that would be the amount of that tax for the purposes
of that definition apart from this sub-section reduced by so much of the
amount of the payment as has been or is to be applied in pursuance of section
203 of the Assessment Act in partial discharge of the liability of that person
for income tax in respect of that year of income.''.