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  

2.3  

2.3   New entrant rate to be rounded down  
The new entrant rate is to be rounded down to the lower 1 percentage point.

Example:

10.6% would be rounded down to 10%.