Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:2_25
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 2 cl 25
Character Range: 121513–122059

25  Subsection 160AAB(1)
Insert:

statutory percentage means:
 (a) if the policy concerned was issued by a friendly society:
 (i) if the year of income is earlier than the 2002‑03 year of income—33%; or
 (ii) if the year of income is the 2002‑03 year of income or a later year of income—30%; or
 (b) otherwise:
 (i) if the year of income is earlier than the 2001‑02 year of income—39%; or
 (ii) if the year of income is the 2001‑02 year of income—34%; or
 (iii) if the year of income is the 2002‑03 year of income or a later year of income—30%.