Document ID: chunk:federal_register_of_legislation:C2010C00578:clause:6_5
Version: federal_register_of_legislation:C2010C00578
Segment Type: clause
Provision Reference: sch 6 cl 5
Character Range: 67147–67755

5  Paragraph 1(a) of Part I of Schedule 7
Repeal the paragraph, substitute:
 (a) 38% for the amount (if any) of the EC part of the taxable income that does not exceed the difference between:
 (i) the amount that would have been the taxed element of the retained amount of the post‑June 83 component of the ETP if the amount of the excessive component of the ETP had been nil; and
 (ii) the taxed element of the retained amount of the post‑June 83 component of the ETP;
  worked out disregarding section 27AAA of the Assessment Act;
 (aa) 47% for the remainder (if any) of the EC part of the taxable income;