Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 4.25

    Subsection   392 - 35(3) may increase your basic income tax liability beyond the liability worked out simply by applying the income tax rates to your taxable income.

Note:   Subsection   392 - 35(3) increases some primary producers' tax liability by requiring them to pay extra income tax on their averaging components worked out under Subdivision   392 - C.

Table of Subdivisions

  Guide to Division   5

5 - A   How to work out when to pay your income tax