Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_1
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 860323–862183

1                                                                            Your instalment for each *instalment quarter in the income year is a quarterly instalment component.                                                                                                                                    The amount worked out as follows:
                                                                                                                                                                                                                                                                                                                     (a) if you are liable to pay an instalment for that instalment quarter—the amount of the instalment; or
                                                                                                                                                                                                                                                                                                                     (b) if for any reason you are not liable to pay an instalment for that instalment quarter—nil (even if you are an *annual payer or a *quarterly payer who pays 2 instalments annually on the basis of GDP‑adjusted notional tax); or
                                                                                                                                                                                                                                                                                                                     (c) if you are entitled to claim a credit for that instalment quarter under section 45‑420 (because the instalment for that quarter is to be worked out on the basis of your estimated benchmark tax)—the amount of the credit (expressed as a negative amount).