Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The amount of the * tax offset is your * share of the PHII benefit in respect of the premium or amount.
Reduction because PHII benefit received in another form
(2) Subsections (3), (4) and (5) apply if the amount of the premium was reduced because of the operation or purported operation of Division 23 of the Private Health Insurance Act 2007 .
(3) Divide the total of the reduction by the number of persons who are * PHIIBs in respect of the premium or amount.
(4) Reduce your * tax offset under subsection (1) to nil if the amount worked out under subsection (3) equals or exceeds your * share of the PHII benefit in respect of the premium or amount.
Note: If the amount worked out under subsection (3) exceeds your share of the PHII benefit, you are liable to pay the excess to the Commonwealth. See section 282 - 18 of the Private Health Insurance Act 2007 (Liability for excess private health insurance premium reduction or refund).
(5) Otherwise, reduce your * tax offset under subsection (1) by the amount worked out under subsection (3).