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  

2.4   2.4   No allowance for administration expenses or income tax on assessable contributions  


The new entrant rate is to be calculated ignoring:


(a) administration expenses; and


(b) income tax on assessable contributions.

Note:

These items are allowed for in the formula in section 1.7 by multiplying by 1.2.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.