Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 380.5

Entitlement

  (1)   An entity is entitled to a * tax offset for an income year if:

  (a)   the * Housing Secretary issues an * NRAS certificate in relation to an * NRAS year to the entity (other than in the entity's capacity (if any) as the * NRAS approved participant of an * NRAS consortium); and

  (b)   the income year begins in the NRAS year; and

  (c)   the entity is an individual, a * corporate tax entity or a * superannuation fund.

Amount

  (2)   The amount of the entity's * tax offset is the amount stated in the * NRAS certificate.