Document ID: chunk:federal_register_of_legislation:C2004C01268:clause:2_26
Version: federal_register_of_legislation:C2004C01268
Segment Type: clause
Provision Reference: sch 2 cl 26
Character Range: 70068–70608

26  Section 45‑400 in Schedule 1
Omit all the words before the table, substitute:

 (1) This section applies if you are a *quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax at the end of an *instalment quarter in an income year (the current year).

 (2) The amount of your instalment for that *instalment quarter which the Commissioner must work out and notify to you under paragraph 45‑112(1)(a) is:
 (a) the amount worked out in accordance with the table if it is positive; or
 (b) otherwise—nil.