Pay-Roll Tax Assessment Act 1941 (REPEALED)
Subject to this Division, the rebate entitlement of an employer in respect of a rebate year is the amount, if any, by which the sum of:
(a) the rebate value of any increase in export sales of the employer for that rebate year; and
(b) the total of the rebate values of export certificates issued to the employer in relation to that rebate year;
exceeds the total of the rebate values of export certificates issued by the employer in relation to that rebate year.
(2)
The rebate values of export certificates issued to the employer as an export merchant shall not be taken into account for the purposes of the last preceding subsection to the extent, if any, to which the total of those rebate values exceeds the amount calculated in accordance with the formula:
| a x b \tag:F2 c |
where:
a is the amount of tax in respect of the rebate year;
b is the total of considerations receivable by that employer for disposals in the rebate year of prescribed goods purchased by him from the producers for export of the goods and exported by him from Australia; and
c is the total of considerations receivable by that employer in respect of all disposals of goods by him during the rebate year.
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