Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 3) 1994 No. 138 of 1994 - SECT 56

56. Section 79B of the Principal Act is amended:

   (a)  by omitting subparagraph (2)(a)(ii) and substituting the following
        subparagraph:

"(ii) an amount equal to 50% of the concessional rebate amount; or";

   (b)  by omitting paragraph (4)(b) and substituting the following paragraph:

"(b) an amount equal to 50% of the concessional rebate amount.";

   (c)  by omitting subparagraph (4A)(b)(ii) and substituting the following
        subparagraph:

"(ii) an amount equal to 50% of the concessional rebate amount;";

   (d)  by inserting in subsection (6) the following definition:

" 'concessional rebate amount', in relation to a taxpayer in relation to a
year of income, means the sum of the following rebates (if any):

   (a)  any rebate to which the taxpayer is entitled under section 159K or
        159L in respect of the year of income;

   (b)  any rebate to which the taxpayer is entitled under section 159J in
        respect of a dependant included in class 2, 5 or 6 in the table in
        subsection 159J(2);

   (c)  any rebate to which the taxpayer would, disregarding subsection
        159J(1A), be entitled under section 159J in respect of a dependant
        included in class 3 or 4 in the table in subsection 159J(2);

   (d)  any rebate to which the taxpayer would be entitled under section 159J
        in respect of a dependant included in class 1 in the table in
        subsection 159J(2) if the amendments made by Division 5 of Part 2 of
        the Taxation Laws Amendment  Act (No. 3) 1994 had not been made;".