Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

6   Averaging primary producers' tax liability (new Division 392)

3   Consequential amendment of the Income Tax Assessment Act 1936

25   Subsection 221YCAA(2) (before paragraph (g) of the definition of adjusted preceding year's tax)

Insert:

(ga) any averaging component of the taxpayer worked out under section 392-90 of the Income Tax Assessment Act 1997 for the preceding year of income had been increased by the provisional tax uplift factor for the current year of income; and