Document ID: chunk:federal_register_of_legislation:C2004C01086:clause:3_70
Version: federal_register_of_legislation:C2004C01086
Segment Type: clause
Provision Reference: sch 3 cl 70
Character Range: 124309–125453

70             section 53‑20                                         Payments similar to certain veterans' payments

360‑80  Basic categories of deductions

  This section covers a deduction for:
 (a) an amount of expenditure you incur for managing your *tax affairs as mentioned in paragraph 25‑5(1)(a) of the Income Tax Assessment Act 1997; or
 (b) an amount of an account‑keeping fee charged by a *financial institution; or
 (c) an amount of a tax imposed under an *Australian law on an account kept with a financial institution (for example, financial institutions duty, debits tax or a similar tax); or
 (d) an amount of money that is a gift or contribution to which item 1, 2 or 3 of the table in section 30‑15 of the Income Tax Assessment Act 1997 applies.

360‑85  Basic categories of tax offsets

  This section covers a *tax offset to which you are entitled because of:
 (a) Subdivision 61‑H of the Income Tax Assessment Act 1997 (about premiums under a private health insurance policy); or
 (b) a provision of the Income Tax Assessment Act 1936 listed in the table.

Tax offsets
Item         Provision              Subject matter