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Tax and Superannuation Laws Amendment (2015 Measures No. 5) Bill 2015

Schedule 2 Zone tax offset

   

Income Tax Assessment Act 1936

1  Paragraph 79A(2)(b)

Omit “if the taxpayer is a resident of Zone A in the year of income but has not resided or actually been in the special area in Zone A or the special area in Zone B during any part of the year of income”, substitute “if the taxpayer is a resident of Zone A (but not of the special area in Zone A or of the special area in Zone B) in the year of income”.

2  Paragraph 79A(2)(c)

Omit “if the taxpayer is a resident of Zone B in the year of income but has not resided or actually been in Zone A or the special area in Zone B during any part of the year of income”, substitute “if the taxpayer is a resident of Zone B (but not of Zone A or of the special area in Zone B) in the year of income”.

3  Paragraph 79A(3B)(a)

Omit “resided”, substitute “had his or her usual place of residence”.

4  At the end of paragraph 79A(3B)(a)

Add “or”.

5  Paragraph 79A(3B)(b)

Repeal the paragraph.

6  Paragraph 79A(3B)(c)

Omit “resided”, substitute “had his or her usual place of residence”.

7  At the end of paragraph 79A(3B)(c)

Add “or”.

8  Subparagraphs 79A(3B)(d)(i) and (ii)

Omit “resided, or actually was,”, substitute “had his or her usual place of residence”.

9  Subparagraph 79A(3B)(d)(iii)

Omit “and”.

10  Subparagraphs 79A(3B)(e)(i) and (ii)

Omit “resided”, substitute “had his or her usual place of residence”.

11  Subparagraph 79A(3B)(e)(iv)

Omit “and” (last occurring).

12  Subparagraph 79A(3B)(e)(v)

Omit “resided”, substitute “had his or her usual place of residence”.

13  Subsection 79A(3C)

Omit “residing, or actually being, in a particular area”, substitute “having his or her usual place of residence in a particular area”.

14  Paragraphs 79A(3C)(a) and (b)

Omit “residing, or actually being,”, substitute “having his or her usual place of residence”.

15  Application of amendments

The amendments made by this Schedule apply to the 2015-16 year of income and later years of income.