Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:6_34
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 6 cl 34
Character Range: 934140–934608

34  Paragraph 12(7)(b) (definition of B)
Repeal the definition, substitute:

  B is the amount of tax (if any) that would be payable by the person on the person's taxable income if:

 (i) the comparison rate described in section 392‑55 of the Income Tax Assessment Act 1997 were the rate of tax payable by the person on that income; and

 (ii) this subsection and section 12A did not apply; and

 (iii) the person were not entitled to any rebate or credit; and