Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_3
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 863378–864458

3                                                                            A variation credit component is a credit arising under section 45‑215 because the amount of your instalment for an *instalment quarter in the income year is to be worked out using an instalment rate you chose under section 45‑205.  The amount worked out as follows:
                                                                                                                                                                                                                                                                                                                     (a) if you are entitled to the credit—the amount of the credit (expressed as a negative amount); or
                                                                                                                                                                                                                                                                                                                     (b) otherwise—nil.