Document ID: chunk:federal_register_of_legislation:C2014A00045:clause:1_36
Version: federal_register_of_legislation:C2014A00045
Segment Type: clause
Provision Reference: sch 1 cl 36
Character Range: 5327–6160

36  Rate where Division 6AA of Part III of the Assessment Act applies
 (1) This section applies in respect of the following amounts:
 (a) so much of the eligible taxable income of a resident taxpayer who is a prescribed person for the purposes of Division 6AA of Part III of the Assessment Act as exceeds $416 but does not exceed $180,000;
 (b) so much of the eligible taxable income of a non‑resident taxpayer who is a prescribed person for the purposes of that Division as does not exceed $180,000;
 (c) so much of a share of the net income of a trust estate in respect of which the trustee is liable to be assessed and to pay tax as:
 (i) is a share to which that Division applies; and
 (ii) does not exceed $180,000.
 (2) Increase by 2 percentage points the rate of tax that would, apart from this section, apply to the amount.