Income Tax Assessment Regulations 1997 (Repealed)

SCHEDULE 1AA  

Note: See subregulation 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%.