Section 159N allows a maximum rebate of $150 to certain low-income taxpayers

Section 159N (1) allows the full rebate for a taxable income of less than $20,700 and is decreased by 4 cents for every dollar in excess of $20,700.( Section 159N (2) authorises this reduction)

So you can see it will cut out altogether at a taxable income of $24,450, when you are no longer considered to have a low income.

That figure is not indexed, so it will stay at $24,450 until the government sees fit to redefine low income in dollar terms.

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