Document ID: chunk:federal_register_of_legislation:C2005A00160:clause:1_12
Version: federal_register_of_legislation:C2005A00160
Segment Type: clause
Provision Reference: sch 1 cl 12
Character Range: 18066–19199

12  Section 45‑340 in Schedule 1 (method statement, step 1)
Repeal the step, substitute:

           Step 1. The income tax payable on your *adjusted taxable income, or on your *adjusted withholding income, for the *base year is worked out disregarding any *tax offset under:

                (a) Subdivision 61‑H of the Income Tax Assessment Act 1997 (the private health insurance tax offset); or
                (b) Subdivision 61‑IA of the Income Tax Assessment Act 1997 (the child care tax offset); or
                (c) Subdivision 61‑J of the Income Tax Assessment Act 1997 (the 25% entrepreneurs' tax offset); or
                (d) Subdivision 61‑K of the Income Tax Assessment Act 1997 (the mature age worker tax offset); or
                (e) section 205‑70 of the Income Tax Assessment Act 1997 (the tax offset for *franking deficit tax liabilities); or
                (f) section 159N of the Income Tax Assessment Act 1936 (the tax offset for certain low income earners); or
                (g) section 159T of the Income Tax Assessment Act 1936 (the tax offset for superannuation contributions made for a spouse).