Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 392.1

What this Division is about

If you are a primary producer for 2 or more years in a row, this Division evens out your income tax liability from year to year. (It does so by reducing the effect that fluctuations in your taxable income have on the marginal rates of tax that apply to you from year to year.)

Table of sections

392-5        Overview of averaging process



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