Income Tax Assessment Regulations 1997 (Repealed)
SCHEDULE 1AA
The new entrant rate is to be calculated ignoring:
(a) administration expenses; and
(b) income tax on assessable contributions.
Note: See subregulation 293-115.20(2) .
WORKING OUT DEFINED BENEFIT CONTRIBUTIONS
PART 2 - NEW ENTRANT RATE 8 8 No allowance for administration expenses or income tax on assessable contributionsThe 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 subclause 4(3) by multiplying by 1.2.
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