Commonwealth Numbered Acts

INCOME TAX ACT 1973 No. 166 of 1973 - SCHEDULE 3

SCHEDULE 3
Sub-section 6 (3)

RATE OF TAX BY REFERENCE TO A NOTIONAL INCOME

For every $1 of the taxable income of a taxpayer deriving a notional income,
as specified by section 59AB, 86 or 158D of the Assessment Act, the rate of
tax is the rate ascertained by dividing the tax that would be payable under
Schedule 1 upon a taxable income equal to his notional income by a number
equal to the number of whole dollars in that notional income.