Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-45
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RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 392
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Long-term averaging of primary producers
'
tax liability
Guide to Division 392
SECTION 392-1
What this Division is about
View history note
Hide history noteIf you are a primary producer for 2 or more years in a row, this Division evens out your income tax liability from year to year. (It does so by reducing the effect that fluctuations in your taxable income have on the marginal rates of tax that apply to you from year to year.)
| 392-5 | Overview of averaging process |
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