Tax Laws Amendment (2009 Measures No. 3) Act 2009 (47 of 2009)
Schedule 1 Reduction in 2009-10 PAYG instalments
Part 2 Sunsetting on 1 July 2014
Taxation Administration Act 1953
3 Subsection 45-405(3) in Schedule 1 (paragraphs (a) and (b) of the definition of GDP adjustment )
Repeal the paragraphs (not including the formula), substitute:
(a) the percentage (rounded to the nearest whole number, rounding down a number ending in .5) worked out using the following formula; or
(b) if the percentage worked out using the formula is negative - 0%:
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