Document ID: chunk:federal_register_of_legislation:C2006A00082:clause:11_1
Version: federal_register_of_legislation:C2006A00082
Segment Type: clause
Provision Reference: sch 11 cl 1
Character Range: 112518–113371

1  Subsection 3(1) (definition of income tax refund)
Repeal the definition, substitute:

income tax refund means an amount payable to a person:
 (a) in respect of an overpayment of income tax imposed by the Income Tax Act 1986; or
 (b) in respect of an overpayment of Medicare levy payable in accordance with Part VIIB of the Income Tax Assessment Act 1936; or
 (c) in respect of an overpayment of an amount payable by the person by an assessment made under Part IV of the Income Tax Assessment Act 1936 because of:
 (i) subsection 106U(1) of the Higher Education Funding Act 1988; or
 (ii) section 154‑60 of the Higher Education Support Act 2003; or
 (iii) subsection 12ZN(1) of the Student Assistance Act 1973; or
 (d) as a refund of a tax offset that is subject to the refundable tax offset rules under Division 67 of the Income Tax Assessment Act.