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  

2.6   Method of working out new entrant rate for a member  

2.6(1)  
If a member belongs to exactly one benefit category at a particular time, the new entrant rate for the member at that time is the new entrant rate for that benefit category.

2.6(2)  
If a member belongs to more than one benefit category at a particular time, the new entrant rate for the member at that time is the sum of the new entrant rates for each benefit category to which the member belongs.

Note:

The new entrant rate for a member is relevant to regulations 292-170.05 and 292-170.06 .




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