Taxation Administration Act 1953
Sch 1 inserted by No 178 of 1999 (as amended by No 179 of 1999 and No 44 of 2000).
Note: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxCh 2 title inserted by No 73 of 2006 , s 3 and Sch 5 item 40, effective 1 July 2006.
Pt 2-10 applies to the 2000/2001 income year and later income years. If the Commissioner gives an entity an instalment rate before the start of the 2000/2001 income year, s 45-50 applies as if the rate had been given on the first day of that income year.
Your adjusted assessed tax on your *adjusted assessed taxable income for the variation year is worked out as follows: Method statement
Step 1.
The income tax payable on your *adjusted assessed taxable income for the variation year is worked out disregarding any *tax offset under:
Step 2.
The *Medicare levy payable on your *adjusted assessed taxable income for the variation year is worked out disregarding sections 8B , 8C , 8D , 8E , 8F and 8G of the Medicare Levy Act 1986 (which increase Medicare levy in certain cases).
Step 3.
The amount (if any) that you would have been liable to pay for the variation year in respect of an *accumulated HELP debt if your taxable income for that year had been your *adjusted assessed taxable income for that year is worked out.
Step 3AAA.
The amount (if any) that you would have been liable to pay for the variation year in respect of an *accumulated VETSL debt if your taxable income for that year had been your *adjusted assessed taxable income for that year is worked out.
Step 3AA.
The amount (if any) that you would have been liable to pay for the variation year in respect of an *accumulated SSL debt if your taxable income for that year had been your *adjusted assessed taxable income for that year is worked out.
Step 3AB.
The amount (if any) that you would have been liable to pay for the variation year in respect of an *accumulated ABSTUDY SSL debt if your taxable income for that year had been your *adjusted assessed taxable income for that year is worked out.
Step 3AC.
The amount (if any) that you would have been liable to pay for the variation year in respect of an *accumulated AASL debt if your taxable income for that year had been your *adjusted assessed taxable income for that year is worked out.
Step 3A.
The amount (if any) that you would have been liable to pay for the variation year by way of an *FS assessment debt if your taxable income for that year had been your *adjusted assessed taxable income for that year is worked out.
Step 4.
The results of steps 1, 2, 3, 3AAA, 3AA, 3AB, 3AC and 3A are added together. The result is your adjusted assessed tax on your *adjusted assessed taxable income for the variation year.
S 45-375 amended by No 61 of 2023, s 3 and Sch 1 item 145, by substituting " AASL " for " TSL " in method statement, step 3AC, effective 1 January 2024. For transitional provisions, see note under s 11-1 .
S 45-375 amended by No 92 of 2020, s 3 and Sch 1 item 23, by repealing para (e) in step 1 of method statement, effective 15 October 2020 and applicable in relation to assessments for the 2020-21 income year or a later income year. Para (e) formerly read:
(e) section 159N of the Income Tax Assessment Act 1936 (the tax offset for certain low income earners); or
S 45-375 amended by No 49 of 2019, s 3 and Sch 4 item 109, by repealing para (b) in step 1 of the method statement, effective 1 July 2019. Para (b) formerly read:
(b) Subdivision 61-IA of the Income Tax Assessment Act 1997 (the child care tax offset); or
S 45-375 amended by No 116 of 2018, s 3 and Sch 1 items 57 and 58, by inserting step 3AAA of the method statement and " 3AAA, " in step 4 of the method statement, effective 1 July 2019.
S 45-375 amended by No 47 of 2018, s 3 and Sch 1 item 9, by inserting para (aa) in step 1 of the method statement, effective 1 July 2018.
S 45-375 amended by No 15 of 2018, s 3 and Sch 1 item 28, by substituting " junior minerals exploration incentive " for " exploration development incentive " in para (g) in step 1 of the method statement, effective 1 April 2018. For application and transitional provisions, see note under s 3F .
S 45-375 amended by No 54 of 2016, s 3 and Sch 1 item 16, by inserting para (fa) in step 1 of the method statement, applicable in relation to equity interests issued on or after 1 July 2016.
S 45-375 amended by No 169 of 2015, s 3 and Sch 1 items 97 and 98, by inserting steps 3AA and 3AB of the method statement and " , 3AA, 3AB " in step 4 of the method statement, effective 1 January 2016.
S 45-375 amended by No 21 of 2015, s 3 and Sch 6 items 29 and 30, by inserting " ; or " at the end of para (f) and inserting para (g) in step 1 of the method statement, applicable in relation to the 2015-16, 2016-17 and 2017-18 income years, but not in relation to any later income years.
S 45-375 amended by No 20 of 2015, s 3 and Sch 1 item 5, by repealing para (c) in step 1 of method statement, applicable to assessments for the 2014-15 income year and later income years. Para (c) formerly read:
(c) Subdivision 61-K of the Income Tax Assessment Act 1997 (the mature age worker tax offset); or
S 45-375 amended by No 109 of 2014, s 3 and Sch 10 item 19, by repealing para (cb) in step 1 of method statement, effective 17 October 2014. Para (cb) formerly read:
(cb) Subdivision 61-M of the Income Tax Assessment Act 1997 (the education expenses tax offset); or
S 45-375 amended by No 82 of 2014, s 3 and Sch 1 items 21 and 22, by inserting step 3AC of the method statement and substituting " , 3AC and 3A " for " and 3A " in step 4 of the method statement, effective 18 July 2014.
S 45-375 amended by No 12 of 2012, s 3 and Sch 6 item 250, by omitting " , and reduced by what would have been your *FTB amount (if any) for the variation year if your taxable income for that year had been your *adjusted assessed taxable income for that year " after " added together " from step 4 of method statement, applicable to a base year that is: (a) the 2009-10 income year; or (b) a later income year.
S 45-375 amended by No 12 of 2012, s 3 and Sch 6 item 243, by substituting " *Medicare levy " for " Medicare levy " (first occurring) in step 2 of method statement, applicable to income years starting on or after 1 July 2008.
S 45-375 amended by No 56 of 2010, s 3 and Sch 6 item 36, by substituting " an *accumulated HELP debt " for " an accumulated HEC debt under the Higher Education Funding Act 1988 , or an *accumulated HELP debt under the Higher Education Support Act 2003 , " in step 3 of the method statement, effective 3 June 2010.
S 45-375 amended by No 141 of 2008, s 3 and Sch 1 item 9, by inserting para (cb) in Step 1, applicable to the 2008-2009 income year and later years.
S 45-375 amended by No 32 of 2007, s 3 and Sch 3 item 18, by substituting " Subdivision 61-G " for " Subdivision 61-H " in step 1, effective 1 July 2007.
S 45-375 amended by No 15 of 2007, s 3 and Sch 1 item 383, by substituting " section 290-230 of the Income Tax Assessment Act 1997 " for " section 159T of the Income Tax Assessment Act 1936 " in para (f) step 1 of the method statement, applicable to the 2007-2008 income year and later years.
S 45-375 amended by No 80 of 2006 , s 3 and Sch 6 item 11, by inserting para (ca) in the method statement, effective 30 June 2006.
S 45-375 amended by No 160 of 2005, No 77 of 2005, No 150 of 2003, No 107 of 2003, No 44 of 2000.
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