Document ID: chunk:federal_register_of_legislation:C2015A00154:clause:1_3
Version: federal_register_of_legislation:C2015A00154
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 12951–13605

3  At the end of Subdivision 154‑B
Add:

154‑32  Amounts payable to the Commonwealth by overseas debtors
  The amount of levy that a person is liable to pay under section 154‑16, in respect of an *income year, is an amount equal to the difference between:
 (a) the amount that the person would have been liable to pay under section 154‑1 if:
 (i) the person had a *repayment income for the income year of an amount equal to the person's *assessed worldwide income for the income year; and
 (ii) subsection 154‑1(2) did not apply to the person; and
 (b) the amount (if any) the person is liable to pay under section 154‑1, in respect of the income year.