Document ID: chunk:federal_register_of_legislation:C2020A00064:clause:11_94
Version: federal_register_of_legislation:C2020A00064
Segment Type: clause
Provision Reference: sch 11 cl 94
Character Range: 37533–38033

94  Subsection 295‑10(1) (method statement, steps 4 and 5)
Repeal the steps, substitute:

           Step 4. For a *complying superannuation entity, work out the *low tax component and *non‑arm's length component of the entity's taxable income.
           Step 5. Apply the applicable rates as set out in the Income Tax Rates Act 1986 to:

                (a) if step 4 applies to the entity—the components worked out under that step; or
                (b) otherwise—the entity's taxable income.