Income Tax Assessment Regulations 1997 (Repealed)
SCHEDULE 1A
The rate of salary or wages growth to be applied is 4.5% per year.
3.4(2)
This rate is to be used:
(a) to project the value of future salary or wages; and
(b) to project benefits that increase in accordance with a general wage index (for example, average weekly earnings).
(subregulations 292-170.02(2) , 292-170.05(2) and (3) and 292-170.06(2) and (3))
METHOD OF WORKING OUT AMOUNT OF NOTIONAL TAXED CONTRIBUTIONS
PART 3 - VALUATION PARAMETERS 3.4 Rate of future salary or wages growth 3.4(1)The rate of salary or wages growth to be applied is 4.5% per year.
3.4(2)
This rate is to be used:
(a) to project the value of future salary or wages; and
(b) to project benefits that increase in accordance with a general wage index (for example, average weekly earnings).
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.