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Does a taxpayer, who is not aged 60 or more on 1 July 2000, qualify under subsection 41(1) of the A New Tax System (Bonuses for Older Australians) Act 1999 (BOA Act) for the 'aged persons savings bonus component' of the savings bonus for older Australians (SBOA)?

No, a taxpayer who is not aged 60 or more on 1 July 2000 does not qualify under subsection 41(1) of the BOA Act for the 'aged persons savings bonus component' of the SBOA.

The taxpayer is not aged 60 or more on 1 July 2000.

To qualify for the 'aged persons savings bonus component' of the SBOA a taxpayer must satisfy certain age, residency and income conditions set out in subsection 41(1) of the BOA Act.

Under paragraph 41(1)(a) of the BOA Act, a taxpayer will qualify for the bonus component if they are aged 60 or more on 1 July 2000.

As the taxpayer is not aged 60 or more on 1 July 2000, the taxpayer does not qualify for the 'aged persons savings bonus component' of the SBOA.