Tax Laws Amendment (2011 Measures No. 4) Act 2011 (43 of 2011)
Schedule 1 Reduction in 2011-12 PAYG instalments
Part 2 Sunsetting on 1 July 2016
Taxation Administration Act 1953
9 Subsection 45-405(3) in Schedule 1 (paragraphs (aa) 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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