Document ID: chunk:federal_register_of_legislation:C2025C00125:section:106h:p2
Version: federal_register_of_legislation:C2025C00125
Segment Type: section
Provision Reference: s 106H (pt 2/2)
Character Range: 205225–207022

income or any later year of income—the sum of:
 (i) the person's taxable income for that year of income; and
 (ii) if the person has deducted under section 8‑1 of the Income Tax Assessment Act 1997 for that year of income an amount for interest on money the person borrowed to finance rental property investments, and the total of that amount and any other amounts the person has deducted under that Act or the Income Tax Assessment Act 1936 (otherwise than for interest on money borrowed) in respect of the rental property exceeds the rental income of the person—the amount of the excess; and
 (iii) if the person is an employee (within the meaning of the Fringe Benefits Tax Assessment Act 1986) who has a reportable fringe benefits total (as defined in that Act) for the year of income—the reportable fringe benefits total for the year of income.
HEC semester debt has the meaning given by section 106J.
OL study period debt has the meaning given by section 106K.
PELS semester debt has the meaning given by section 106JA.
semester debt means:
 (a) an HEC semester debt; or
 (b) an OL study period debt; or
 (c) a PELS semester debt; or
 (d) a BOTP study period debt.
study period means:
 (a) when used in relation to a loan under section 98ZA—study period within the meaning of Chapter 4B; or
 (b) when used in relation to a loan under section 106D—study period within the meaning of Chapter 5.
 (2) Expressions used in this Chapter that are defined in Chapter 4, 4A, 4B or 5 have in this Chapter, unless the contrary intention appears, the same meanings as in Chapter 4, 4A, 4B or 5 (as the case may be).
 (3) Expressions used in this Chapter that are defined in the Income Tax Assessment Act 1936 have in this Chapter, unless the contrary intention appears, the same meanings as in that Act.