Income Tax Assessment Regulations 1997 (Repealed)
SCHEDULE 1A
The new entrant rate is to be calculated ignoring:
(a) administration expenses; and
(b) income tax on assessable contributions.
(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 2 - NEW ENTRANT RATE 2.4 2.4 No allowance for administration expenses or income tax on assessable contributionsThe new entrant rate is to be calculated ignoring:
(a) administration expenses; and
(b) income tax on assessable contributions.
Note:
These items are allowed for in the formula in section 1.7 by multiplying by 1.2.
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