Document ID: chunk:federal_register_of_legislation:C2004C01135:clause:2_1061zzfa
Version: federal_register_of_legislation:C2004C01135
Segment Type: clause
Provision Reference: sch 2 cl 1061ZZFA
Character Range: 141964–142687

1061ZZFA  Amount of liability

  The person is liable to pay, in respect of a year of income, an amount equal to so much of the relevant debt as does not exceed:
 (a) if the person's taxable income for the year of income is not greater than the intermediate prescribed amount for the year of income—2% of the taxable income; or
 (b) if the person's taxable income for the year of income is greater than the intermediate prescribed amount for the year of income but is not greater than the maximum prescribed amount for the year of income—3% of the taxable income; or
 (c) if the person's taxable income for the year of income is greater than the maximum prescribed amount for the year of income—4% of the taxable income.