Income Tax Assessment (1997 Act) Regulations 2021

SCHEDULES

SCHEDULE 1AA  

Note: See subsection 293-115.20(2) .

WORKING OUT DEFINED BENEFIT CONTRIBUTIONS

PART 2 - NEW ENTRANT RATE  

7  

7   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%.