Income Tax Rates Act 1986
Schedules
SCHEDULE 8 - NOTIONAL RATES FOR THE PURPOSES OF SECTION 156 OF THE ASSESSMENT ACTSubsection 12(2)
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Hide history noteThe notional rate in respect of income to which this Division applies is, for every $1 of the taxable income, the amount ascertained by determining the tax that would be payable if the rates set out in Part II of Schedule 7 were applied to a taxable income equal to the taxpayer ' s average income and dividing the resultant amount by a number equal to the number of whole dollars in that average income.
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