Document ID: chunk:federal_register_of_legislation:C2004C01310:clause:1_40
Version: federal_register_of_legislation:C2004C01310
Segment Type: clause
Provision Reference: sch 1 cl 40
Character Range: 28773–29635

40  Clause 25 of Schedule 1 (method statement, step 2)
Repeal the step, substitute:

           Step 2. Apply the income test in Division 3 of this Part (clause 28) to work out any reduction for adjusted taxable income. Take any reduction away from the individual's maximum rate: the result is the individual's provisional Part A rate.
           Step 3. The individual's Part A rate is:

                (a) the individual's provisional Part A rate if that rate is equal to or greater than the rate that would be the individual's income and maintenance tested rate under step 3 of the method statement in clause 3 if the individual's Part A rate were to be calculated using Part 2; or
                (b) the rate that would the individual's income and maintenance tested rate as so calculated if it is greater than the individual's provisional Part A rate.