Document ID: chunk:federal_register_of_legislation:C2004A02159:body:0:p17
Version: federal_register_of_legislation:C2004A02159
Segment Type: other
Provision Reference: 
Character Range: 38314–40861

to which the factor ascertained in accordance with sub-section (3) of section 9 of the Income Tax (Rates) Act 1976 is greater than 1, there is in operation, at a particular time, a provision of an Act declaring the relevant year of income to be a prescribed year of income for the purposes of section 9 of the Income Tax (Rates) Act 1976, this Act shall be deemed to have effect, in relation to any assessment made at that time in relation to the relevant year of income, as if for each relevant amount there were deemed to be substituted an amount calculated by multiplying the amount that, for the purposes of this Act, was deemed to be substituted for that relevant amount by the application of this section in relation to the year of income that last preceded the relevant year of income concerned by the factor ascertained in accordance with sub-section (3) of section 9 of the Income Tax (Rates) Act 1976 in relation to the relevant year of income concerned or, where a lesser factor is prescribed by regulations made under sub-section (4) of section 9 of that last-mentioned Act in relation to the relevant year of income concerned, by that lesser factor.
"(2d) For the purposes of the application of sub-section (2b) or (2c) in relation to a relevant year of income, a reference in that sub-section to the amount that was deemed to be substituted for a relevant amount by the application of this section in relation to the year of income that last preceded the relevant year of income shall, in a case where, in relation to the year of income that last preceded the relevant year of income, an amount was deemed by sub-section (2b) to be substituted for that relevant amount and an amount was also deemed by sub-section (2c) to be substituted for that relevant amount, be read as a reference to the amount that was deemed by sub-section (2c) to be substituted for that relevant amount.".

Rebate in respect of payments received in lieu of annual leave or long service leave
21. Section 160aa of the Principal Act is amended—
     (a) by omitting sub-section (3) and substituting the following sub-sections:
    "(3) Where, in relation to a relevant year of income, being a year of income in relation to which the factor ascertained in accordance with sub-section (3) of section 9 of the Income Tax (Rates) Act 1976 is greater than 1, there is in operation, at a particular time, a provision of an Act declaring that relevant year of income to be a prescribed year of income for the purposes of section 9 of the Income Tax (Rates) Act 1976,