Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 392.60

This Subdivision explains how to work out the amount of the averaging adjustment of your income tax for the current year (whether it is a tax offset or is used by the Income Tax Rates Act 1986 to set the rate at which you must pay extra income tax).

Table of sections

392 - 65   What your averaging adjustment reflects

Your gross averaging amount

392 - 70   Working out your gross averaging amount

Your averaging adjustment

392 - 75   Working out your averaging adjustment

How to work out your averaging component

392 - 80   Work out your taxable primary production income

392 - 85   Work out your taxable non - primary production income

392 - 90   Work out your averaging component