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 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).