Document ID: chunk:federal_register_of_legislation:C2004A00811:clause:1_1
Version: federal_register_of_legislation:C2004A00811
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 1340–2020

1  Subsection 160AAAA(2)
Repeal the subsection, substitute:

 (2) The first condition is that, on at least one day during the year of income, either:
 (a) the taxpayer:
 (i) is in receipt of a pension, allowance or benefit under the Veterans' Entitlements Act 1986 (other than Part VII); and
 (i) has reached pension age, within the meaning of the Veterans' Entitlements Act 1986; or
 (b) the taxpayer:
 (i) has reached pension age, within the meaning of the Social Security Act 1991; and
 (ii) has 10 years qualifying Australian residence or has a qualifying residence exemption for an age pension, within the meaning of the Social Security Act 1991; and
 (iii) is not in gaol.