CTHRepealedLegislation
Income Tax Regulations 1936
148Interpretation
Start here
Get a plain-English read of 148
Turn the raw legal text into a practical explanation grounded in Income Tax Regulations 1936.
#### 148 Interpretation
In this Part:
> lowest marginal tax rate, in relation to a year of income, means the rate that is:
(a) the lowest rate specified in the table in Part 1 of Schedule 7 to the Income Tax Rates Act 1986, in the application of the table to that year of income; and
(b) expressed as a decimal fraction.
> rebatable benefit has the same meaning as in subsection 160AAA(1) of the Act.
> tax‑free threshold, in relation to a year of income, has the meaning given by subsection 3(1) of the Income Tax Rates Act 1986.