Document ID: chunk:federal_register_of_legislation:C2004A00662:clause:1_57
Version: federal_register_of_legislation:C2004A00662
Segment Type: clause
Provision Reference: sch 1 cl 57
Character Range: 72556–73143

57  Subsection 45‑365(3) in Schedule 1
Repeal the subsection, substitute:

 (3) It is reduced (but not below nil) by the sum of:
 (a) the total amount of the credits to which you are entitled for the variation year under section 18‑15 (for amounts withheld from withholding payments made to you during the variation year); and
 (b) the total amount of the credits to which you are entitled for the variation year under section 18‑27 (for amounts paid under Division 13 in respect of amounts included in your assessable income under section 86‑15 of the Income Tax Assessment Act 1997).