INCOME TAX ASSESSMENT REGULATIONS 1997

SCHEDULE 1AA  

Note: See subregulation 293-115.20(2) .


WORKING OUT DEFINED BENEFIT CONTRIBUTIONS

PART 2 - NEW ENTRANT RATE  

7   7   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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