Tax Laws Amendment (2009 Budget Measures No. 1) Act 2009 (62 of 2009)
Schedule 3 Excess contributions tax
Income Tax Assessment Act 1997
7 After subsection 960-285(3)
Insert:
Indexation factor
(3A) For indexation of the amount on an annual basis in accordance with subparagraph (2)(a)(i), the indexation factor is:
Index nubmer mentioned in subsection (6) for the quarter ending on 31 December just before the start of the relevant income year or financial year / Index number mentioned in subsection (6) for the quarter ending on 31 December 2008
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
