Document ID: chunk:federal_register_of_legislation:C2024A00134:clause:1_50
Version: federal_register_of_legislation:C2024A00134
Segment Type: clause
Provision Reference: sch 1 cl 50
Character Range: 62559–63155

50  After subsection 284‑90(3) in Schedule 1
Insert:
 (3A) For the purposes of item 6A of the table in subsection (1), an entity's threshold for a *Fiscal Year is the greater of:
 (a) $10,000; and
 (b) 1% of whichever of the following applies:
 (i) the amount of *Australian IIR/UTPR tax payable by the entity for the Fiscal Year, worked out on the basis of the entity's *Australian IIR/UTPR tax return for the Fiscal Year;
 (ii) the amount of *Australian DMT tax payable by the entity for the Fiscal Year, worked out on the basis of the entity's *Australian DMT tax return for the Fiscal Year.