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Tax Laws Amendment (2008 Measures No. 2) Bill 2008

Schedule 9 Tax offset for Equine Workers Hardship Wage Supplement Payments

   

Income Tax Assessment Act 1936

1  Subsection 160AAA(1) (at the end of the definition of rebatable benefit )

Add:

               ; or (g)  known as the Equine Workers Hardship Wage Supplement Payment.

Income Tax Assessment Act 1997

2  Section 13-1 (after table item headed “entrepreneurs’ tax offset”)

Insert:

Equine Workers Hardship Wage Supplement Payment

 

see social security and other benefit payments

 

3  Section 13-1 (table item headed “social security and other benefit payments”)

After:

Cyclone Larry or Cyclone Monica income support payment ...............................................................................



160AAA(3)

insert:

Equine Workers Hardship Wage Supplement Payment ....

160AAA(3)

4  Application

The amendments made by this Schedule apply in relation to Equine Workers Hardship Wage Supplement Payments received in the 2007-08 income year and later income years.