Document ID: chunk:federal_register_of_legislation:C2004A02159:body:0:p20
Version: federal_register_of_legislation:C2004A02159
Segment Type: other
Provision Reference: 
Character Range: 45391–47978

of the Income Tax Assessment Act 1936 in ascertaining the amount of any rebate of tax to which a taxpayer is entitled under that section in his assessment in respect of income of the year of income that commenced on 1 July 1979, that section shall have effect as if the reference in sub-section (1) of that section to 32% were a reference to 33.07%.

Provisional tax for financial year 1979-80
27. (1) For the purposes of the application of sub-section 221yc(1) of the Income Tax Assessment Act 1936 in ascertaining the amount of provisional tax payable by a taxpayer in respect of income of the year of income that commenced on 1 July 1979 (in this sub-section referred to as the "relevant year of income"), being a taxpayer who would, apart from this section and apart from any health insurance levy assessed in respect of his taxable income of the year of income next preceding the relevant year of income, be liable to pay provisional tax calculated in accordance with sub-section 221yc(1) or (1a) of that Act in respect of income of the relevant year of income—
     (a) if paragraph 221yc(1)(a) of the Income Tax Assessment Act 1936 applies to the taxpayer—the amount of provisional tax payable by the taxpayer in respect of income of the relevant year of income by virtue of that paragraph is the amount ascertained by deducting from the amount of income tax (other than health insurance levy) that would have been assessed in respect of the amount that would have been the taxable income of the taxpayer of the year of income next preceding the relevant year of income if—
          (i) Subdivision BA of Division 3 of Part III of the Income Tax Assessment Act 1936 were not applicable in relation to the year of income next preceding the relevant year of income;
          (ii) each reference in column 2 of Schedule 9 to the Income Tax (Rates) Act 1976 to 33.5% were a reference to 36.07%;
          (iii) the reference in paragraph 3(a) of Part II of Schedule 10 to the Income Tax (Rates) Act 1976 to 33.5% were a reference to 36.07%;
          (iv) the reference in paragraph 3(b) of Part II of Schedule 10 to the Income Tax (Rates) Act 1976 to $4,055.84 were a reference to $4,366.99;
          (v) the reference in sub-section 6f(2) of the Income Tax (Rates) Act 1976 to $3,151 were a reference to $3,732;
          (vi) the reference in sub-section 6f(4) of the Income Tax (Rates) Act 1976 to $ 1,260 were a reference to $ 1,493;
          (vii) the taxpayer were not entitled to any rebate or credit in his assessment other than any rebate under section 156 of the Income