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-C - How big is your averaging adjustment?  

Your averaging adjustment

SECTION 392-75   392-75   Working out your averaging adjustment  
Work out your averaging adjustment for the ^* current year using the formula:

*Gross averaging amount

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*Averaging component *Basic taxable income