Document ID: chunk:federal_register_of_legislation:F2022C01160:reg:9
Version: federal_register_of_legislation:F2022C01160
Segment Type: reg
Provision Reference: reg 9
Character Range: 15198–16274

9  Key concepts

Purpose of this section
 (1) This section defines concepts that are relevant to working out:
 (a) whether:
 (i) a taxpayer who is an individual is entitled to a rebate under section 160AAAA of the Act for a year of income; or
 (ii) a taxpayer that is a trustee is entitled to a rebate under section 160AAAB of the Act for a year of income in respect of a beneficiary who is an individual; and
 (b) the amount of the rebate.

Base rebate amount
 (2) The base rebate amount, for the rebate, is:
 (a) the amount in the item of the following table that applies to the individual mentioned in subparagraph (1)(a)(i) or (ii); or
 (b) if more than one item of the table applies to the individual—whichever amount in the applicable items gives the taxpayer the greatest rebate entitlement.

Base rebate amount
Item                Column 1                                                                                      Column 2

                    Class of individual                                                                           Base rebate amount