Document ID: chunk:federal_register_of_legislation:C2009A00027:clause:3_7
Version: federal_register_of_legislation:C2009A00027
Segment Type: clause
Provision Reference: sch 3 cl 7
Character Range: 48422–49098

7  Subsection 995‑1(1)
Insert:

income for surcharge purposes, for a person and an income year, means the sum of the following:
 (a) the person's taxable income for the income year (disregarding subsection 271‑105(1) of Schedule 2F to the Income Tax Assessment Act 1936);
 (b) the person's *reportable fringe benefits total (if any) for the income year;
 (c) the person's *reportable superannuation contributions for the income year;
 (d) the person's *total net investment loss for the income year;
less the amount mentioned in subsection 301‑20(3) for the person for the income year if the person is entitled to a tax offset under subsection 301‑20(2) for the income year.