Document ID: chunk:federal_register_of_legislation:C2004C01268:clause:2_34:p2
Version: federal_register_of_legislation:C2004C01268
Segment Type: clause
Provision Reference: sch 2 cl 34 (pt 2/2)
Character Range: 76965–77501

the amount of the instalment for the fourth instalment quarter in that year is worked out by subtracting:
 (a) the amount of your instalment for the earlier instalment quarter in that year;
from:
 (b) 50% of the estimate of your *benchmark tax.

You receive instalment rate for the first time in fourth quarter

 (9) If the Commissioner gives you an instalment rate for the first time during the fourth *instalment quarter in the income year, the amount of the instalment for that quarter is 25% of the estimate of your *benchmark tax.