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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-20 - TAX OFFSETS    View history reference

Division 61 - Generally applicable tax offsets    View history reference

Subdivision 61-G - Private health insurance offset complementary to Part 2-2 of the Private Health Insurance Act 2007    View history reference

Archived:

Former Subdiv 61-G repealed as inoperative by No 101 of 2006 , s 3 and Sch 1 item 231, effective 14 September 2006. For application and savings provisions and for former wording see the CCH Australian Income Tax Legislation archive .

Operative provisions

SECTION 61-205  Entitlement to the private health insurance tax offset  

 View history reference

61-205(1)  

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You are entitled to a *tax offset for the 2012-13 income year or a later income year if:


(a) a premium, or an amount in respect of a premium, was paid by you or another entity during the income year under a *complying health insurance policy in respect of a period (the premium period ); and


(b) you are a *PHIIB in respect of the premium or amount; and


(c) each person insured under the policy during the premium period is, for the whole of the time that he or she is insured under the policy during the premium period:


(i) an eligible person (within the meaning of section 3 of the Health Insurance Act 1973 ); or

(ii) treated as such because of section 6, 6A or 7 of that Act.

61-205(2)  

You are also entitled to the *tax offset if:


(a) you are a trustee who is liable to be assessed under section 98 of the Income Tax Assessment Act 1936 in respect of a share of the net income of a trust estate; and


(b) the beneficiary who is presently entitled to the share of the income of the trust estate would be entitled to the tax offset because of subsection (1).

61-205(3)  

(Repealed by No 26 of 2012)


 



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