Document ID: chunk:federal_register_of_legislation:C2004A00644:clause:1_2:p2
Version: federal_register_of_legislation:C2004A00644
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 2/3)
Character Range: 4112–6863

grossed‑up non‑exempt amount for such an employee is equal to or less than $17,000, the amount calculated under this step for the employee is nil.
           Step 3. If step 2 does not apply in respect of one or more employees of the employer:

                (a) reduce the individual grossed‑up non‑exempt amount for each such employee for the year of tax beginning on 1 April 2000 to zero; and
                (b) reduce the individual grossed‑up non‑exempt amount for each such employee for a later year of tax by $30,000, but not below zero.

           Step 4. Add together the amounts calculated under steps 2 and 3 in relation to the employees of the employer. The total amount is the employer's aggregate non‑exempt amount for the year of tax.

Individual grossed‑up type 1 non‑exempt amount

 (1F) For the purposes of step 1 in the method statement in subsection (1E), the individual grossed‑up type 1 non‑exempt amount of an employee in relation to the employer for the year of tax is:

Individual grossed‑up type 2 non‑exempt amount

 (1G) For the purposes of step 1 in the method statement in subsection (1E), the individual grossed‑up type 2 non‑exempt amount of an employee in relation to the employer for the year of tax is:

Working out the type 1 individual base non‑exempt amount

 (1H) An employee's type 1 individual base non‑exempt amount in relation to the employer for the year of tax is worked out by adding the amounts worked out under step 3 of the method statement in subsection (1K) and step 3 of the method statement in subsection (1L).

Working out the type 2 individual base non‑exempt amount

 (1J) An employee's type 2 individual base non‑exempt amount in relation to the employer for the year of tax is worked out by adding the amounts worked out under step 4 of the method statement in subsection (1K) and step 4 of the method statement in subsection (1L).

Working out the subsection (1K) amounts

 (1K) An employee's subsection (1K) amounts for the year of tax are worked out as follows.

      Method statement
           Step 1. Work out under subsection 135Q(3) for each of the employer's employees the amount that would be the employee's individual fringe benefit amount for the year of tax in respect of the employee's employment by the employer if subsection 135Q(1) were amended:

                (a) by omitting "or 58"; and
                (b) by omitting "one of those sections" from paragraph (b) and "those sections" from paragraph (c) and substituting in each case "that section".

           Step 2. Identify the benefits taken into account in step 1 that are GST‑creditable benefits (see section 149A).
           Step 3. So much of the amount worked out under step 1 that relates to the