Commonwealth Consolidated Regulations

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INCOME TAX REGULATIONS 1936 - REG 148

Interpretation

                In this Part:

"illness-separated-rate social security pension" means a rebatable pension under SSA91 that is payable in the circumstances referred to in:

                (a)    column 2 of item 3 in table B in point 1064‑B1 of SSA91; or

               (b)    column 2 of item 3 in table B in point 1065‑B1 of SSA91.

"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 in 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.

"member of a couple" has the same meaning as in SSA91 and VEA.

"partner" has the same meaning as in SSA91 and VEA.

"partnered-rate social security pension" means a rebatable pension under SSA91 that is payable in the circumstances referred to in:

                (a)    column 2 of item 2 of Table B at point 1064‑B1 of SSA91; or

               (b)    column 2 of item 2 of Table B at point 1065‑B1 of SSA91.

"Rebatable benefit and rebatable pension" have the same meanings as in section 160AAA of the Act.

"single-rate social security pension" means a rebatable pension under SSA91 that is payable in the circumstances:

                (a)    referred to in column 2 of item 1 in Table B in point 1064‑B1 of SSA91; or

               (b)    referred to in column 2 of item 1 in Table B in point 1065‑B1 of SSA91; or

                (c)    to which the rate at point 1066‑B1 of SSA91 is applicable.

SSA91 means the Social Security Act 1991 .

"Tax-free threshold" , in relation to a year of income, means an amount of income equal to the lowest amount mentioned in the table in Part 1 of Schedule 7 to the Income Tax Rates Act 1986 as that table would apply to the year of income of a person if the effect of Division 5 of that Act were disregarded in relation to the person.

"VEA" means the Veterans' Entitlements Act 1986 .



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