Document ID: chunk:federal_register_of_legislation:C2014C00709:clause:5_17
Version: federal_register_of_legislation:C2014C00709
Segment Type: clause
Provision Reference: sch 5 cl 17
Character Range: 27517–28246

17  Subsection 159P(3A)
Repeal the subsection, substitute:

Rebate
 (3A) A taxpayer is entitled to a rebate of tax in the taxpayer's assessment in respect of income of a year of income if one or more rebatable medical expense amounts are applicable to the taxpayer in respect of the year.
 (3AA) The amount of the rebate is:
 (a) if the medical expense rebate higher phase‑in limit applies—10% of the amount by which the total of the rebatable medical expense amounts exceeds the medical expense rebate higher phase‑in limit; or
 (b) otherwise—20% of the amount by which the total of the rebatable medical expense amounts exceeds the medical expense rebate lower phase‑in limit.
Note: For the phase‑in limits, see section 159Q.