Income Tax Assessment (1997 Act) Regulations 2021

SCHEDULES

SCHEDULE 1A  

Note: See sections 291-170.02 , 291-170.05 and 291-170.07 and Schedule 1AA .

METHOD OF WORKING OUT AMOUNT OF NOTIONAL TAXED CONTRIBUTIONS

PART 2 - NEW ENTRANT RATE  

2.4  

2.4   No allowance for administration expenses or income tax on assessable contributions  
The new entrant rate is to be calculated ignoring:

(a)    administration expenses; and

(b)    income tax on assessable contributions.

Note: