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 3 - VALUATION PARAMETERS  

3.4   Rate of future salary or wages growth  

3.4(1)  
The rate of salary or wages growth to be applied is 4.5% per year.

3.4(2)  
This rate is to be used:


(a) to project the value of future salary or wages; and


(b) to project benefits that increase in accordance with a general wage index (for example, average weekly earnings).




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