INCOME TAX ASSESSMENT ACT 1936 - SECT 160ADA Most tax offsets under the 1997 Assessment Act are treated as rebates
INCOME TAX ASSESSMENT ACT 1936 - SECT 160ADA
Most tax offsets under the 1997 Assessment Act are treated as rebatesA tax offset under a provision of the Income Tax Assessment Act 1997 is taken to be a rebate for the purposes of this Act, unless that provision corresponds to a provision of this Act that provides for a credit.
Note: If the tax offset provision does correspond to a credit
provision, the tax offset is treated as a credit: see section 6D.