Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)

Schedule 7   Miscellaneous amendments

Part 2   General amendments

Income Tax Rates Act 1986

218   At the end of section 14


(3) The net income phase-out limit is the following amount rounded down to the nearest dollar:

(($416 x 50%) / (50% - Lowest rate in the table in Part I of Schedule 7))

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