Document ID: chunk:federal_register_of_legislation:C2004C01268:clause:2_90
Version: federal_register_of_legislation:C2004C01268
Segment Type: clause
Provision Reference: sch 2 cl 90
Character Range: 93067–93898

90  After subsection 45‑232(3) in Schedule 1

Insert:

 (3A) Subject to subsections (3B), (3C) and (3D), if you are a *quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax, the acceptable amount of your instalment for an *instalment quarter in an income year is:
 (a) if the amount of the instalment is worked out under paragraph 45‑112(1)(b) or (c)—the amount worked out using the table in this subsection (which can be a negative amount); or
 (b) otherwise—the amount notified to you by the Commissioner under paragraph 45‑112(1)(a) as the amount of your instalment for that instalment quarter.

Acceptable amount of an instalment
Item                                If the *instalment quarter is:                      The acceptable amount of your instalment for that instalment quarter is: