INCOME TAX ASSESSMENT REGULATIONS 1997

SCHEDULE 1A  

(subregulations 292-170.02(2) , 292-170.05(2) and (3) and 292-170.06(2) and (3))


METHOD OF WORKING OUT AMOUNT OF NOTIONAL TAXED CONTRIBUTIONS

PART 2 - NEW ENTRANT RATE  

2.3   2.3   New entrant rate to be rounded down  


The new entrant rate is to be rounded down to the lower 1 percentage point.
Example

10.6% would be rounded down to 10%.




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