Tax Laws Amendment (2009 Measures No. 3) Act 2009 (47 of 2009)

Schedule 1   Reduction in 2009-10 PAYG instalments

Part 2   Sunsetting on 1 July 2014

Taxation Administration Act 1953

3   Subsection 45-405(3) in Schedule 1 (paragraphs (a) and (b) of the definition of GDP adjustment )

Repeal the paragraphs (not including the formula), substitute:

(a) the percentage (rounded to the nearest whole number, rounding down a number ending in .5) worked out using the following formula; or

(b) if the percentage worked out using the formula is negative - 0%: