Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 392 - Long-term averaging of primary producers ' tax liability  

Subdivision 392-B - What kind of averaging adjustment must you make?  

How to work out the comparison rate

SECTION 392-55  

392-55   Work out the comparison rate  
Work out the comparison rate using the formula:

Income tax on * average income, as     worked out under section 392-50     * Average income