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

×

* Averaging component * Basic taxable income