Income Tax Regulations 1936
150ABEligibility—amount of rebate income
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150AB Eligibility—amount of rebate income
(1) For subsection 160AAAA(3) or 160AAAB(3) of the Act, the amount mentioned is:
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(2) A taxpayer’s rebate amount for a year of income is the amount in the relevant item in the following table:
| Item | Class of person | Rebate amount |
|---|---|---|
| 1 | Single person | $2 230 |
| 2 | Member of a couple | $1 602 |
| 3 | Member of an illness‑separated couple | $2 040 |
(2B) If, in a year of income, more than one item in the table in subregulation (2) applies to a taxpayer, the taxpayer’s rebate amount is the amount that gives the taxpayer the greatest rebate entitlement. (3) If subregulation (3A) does not apply, a taxpayer’s rebate threshold for a year of income is the amount calculated using the formula: Image unavailable in extracted text where:
D is the tax‑free threshold.
E is the maximum amount of rebate allowable under section 159N of the Act.
F is the taxpayer’s rebate amount for the year of income.
Note: The rebate amount is worked out in accordance with subregulations (2) and (2B), but may then be affected by regulation 150AE or 150AF.
C is the lowest marginal tax rate.
Note: For lowest marginal tax rate and tax‑free threshold—see regulation 148.
(3A) If the taxpayer’s rebate threshold, if it were calculated using the formula in subregulation (3), would be an amount that is greater than the amount at which the rebate of tax under section 159N of the Act is reduced, the taxpayer’s rebate threshold for a year of income is the amount calculated using the formula: Image unavailable in extracted text where:
C is the lowest marginal tax rate.
D is the tax‑free threshold.
E is the maximum amount of rebate allowable under section 159N of the Act.
F is the taxpayer’s rebate amount for the year of income.