Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A low income superannuation tax offset is payable under this subsection in respect of a person for an income year of the person if:
(a) the person's concessional contributions for the financial year that corresponds to the income year are for a financial year starting on or after 1 July 2017; and
(b) the person's adjusted taxable income for the income year (worked out in accordance with Schedule 3 to the A New Tax System (Family Assistance) Act 1999 (disregarding clauses 3 and 3A of that Schedule)) does not exceed $37,000; and
(c) the requirement in paragraph 6(1)(b) is satisfied in respect of the person in relation to the income year; and
(d) the requirement in paragraph 6(1)(f) is satisfied in respect of the person in relation to the income year.
(2) A low income superannuation tax offset is payable under this subsection in respect of a person for an income year of the person if:
(a) the person's concessional contributions for the financial year that corresponds to the income year are for a financial year starting on or after 1 July 2017; and
(b) 12 months after the end of the income year, the Commissioner reasonably believes there is insufficient information to decide whether to make a determination under section 13 that a low income superannuation tax offset is payable under subsection ( 1) in respect of the person for the income year; and
(c) the Commissioner estimates that:
(i) the person's adjusted taxable income for the income year (worked out in accordance with Schedule 3 to the A New Tax System (Family Assistance) Act 1999 (disregarding clauses 3 and 3A of that Schedule)) does not exceed $37,000; and
(ii) 10% or more of the person's total income for the income year (disregarding subsections 8(2) and (3)) is attributable to the person engaging in activities covered under subsection 6(2); and
(d) the requirement in paragraph 6(1)(f) is satisfied in respect of the person in relation to the income year.
(3) For the purposes of paragraph ( 1)(c), disregard the words "in which the person makes the contribution" in paragraph 6(2)(a).
(4) For the purposes of subparagraph ( 2)(c)(i), treat the person as having total deductions of $300 for the income year unless the Commissioner has information to the contrary.
(5) For the purposes of subparagraph ( 2)(c)(ii), disregard the words "in the income year in which the person makes the contribution" in paragraph 6(2)(a).