Document ID: chunk:federal_register_of_legislation:C2010C00715:clause:2_110
Version: federal_register_of_legislation:C2010C00715
Segment Type: clause
Provision Reference: sch 2 cl 110
Character Range: 232339–233241

110  Subsection 29(3A)
Repeal the subsection, substitute:

 (3A) For the purposes of this section:
 (a) the single quarters statutory amount in relation to a year of tax is the amount calculated:
 (i) by multiplying the indexation factor for that year of tax by the single quarters statutory amount in relation to the immediately preceding year of tax; or
 (ii) if the amount ascertained that way is not an amount of whole dollars—by rounding the amount to the nearest dollar (rounding 50 cents upwards); and
 (b) the standard statutory amount in relation to a year of tax is the amount calculated:
 (i) by multiplying the indexation factor for that year of tax by the standard statutory amount in relation to the immediately preceding year of tax; or
 (ii) if the amount ascertained that way is not an amount of whole dollars—by rounding the amount to the nearest dollar (rounding 50 cents upwards).