Document ID: chunk:federal_register_of_legislation:C2019C00020:clause:4_27
Version: federal_register_of_legislation:C2019C00020
Segment Type: clause
Provision Reference: sch 4 cl 27
Character Range: 20702–21160

27  Subsection 995‑1(1) (definition of corporate tax rate)
Repeal the definition, substitute:
corporate tax rate:
 (a) in relation to a company to which paragraph 23(2)(a) of the Income Tax Rates Act 1986 applies—means the rate of tax in respect of the taxable income of a company covered by that paragraph; or
 (b) in relation to another entity—means the rate of tax in respect of the taxable income of a company covered by paragraph 23(2)(b) of that Act.