Taxation Administration Act 1953
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Chapter 2 - Collection, recovery and administration of income taxSECTION 45-525 WHEN COMMISSIONER WORKS OUT BENCHMARK INSTALMENT RATE AND BENCHMARK TAX 45-525(1)
The Commissioner may work out your *benchmark instalment rate for an income year (the variation year ) if, under section 45-205 , you choose an instalment rate to work out the amount of your instalment for an *instalment quarter in that year.
45-525(2)
The Commissioner may work out your *benchmark tax for an income year (the variation year ) if, under paragraph 45-112(1)(b) or (c) , the amount of your instalment for an *instalment quarter in an income year is worked out on the basis of your estimate of your *benchmark tax for that income year.
45-525(3)
The Commissioner may work out your *benchmark tax for an income year (the variation year ) if, under paragraph 45-115(1)(c) , you estimate the amount of your annual instalment for that year.
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