Document ID: chunk:federal_register_of_legislation:C2025C00014:section:159zra
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 159ZRA
Character Range: 1479300–1479944

159ZRA  Eligibility for rebate
 (1) Where:
 (a) the assessable income of the taxpayer of a year of income (in this Subdivision called the current year) includes one or more eligible lump sums; and
 (b) the total arrears amount is not less than 10% of the amount (if any) remaining after deducting that total arrears amount from the normal taxable income of the current year;
the taxpayer is entitled to a rebate of tax, in the taxpayer's assessment for the current year, of the amount (if any) calculated in accordance with this Subdivision.
 (2) The rebate is only available to a natural person (otherwise than in the capacity of a trustee).