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 392-50  

392-50   Work out the income tax on your average income at basic rates  
Work out the amount of income tax that you would pay on your ^* average income for the ^* current year at ^* basic rates.