Tax Laws Amendment (2013 Measures No. 2) Act 2013 (124 of 2013)

Schedule 11  

Part 4   Updating indexation provisions

Income Tax Assessment Act 1997

28   Subsection 960-275(1A) (formula)

Repeal the formula, substitute:

(*Index number for the *quarter ending on the 31 of December just before the relevant income year) / (*index number for the *quarter ending on the previous 31 December)