Commonwealth Consolidated Acts Commonwealth Consolidated ActsSubsection 392 - 35(3) may increase your basic income tax liability beyond the liability worked out simply by applying the income tax rates to your taxable income.
Note: Subsection 392 - 35(3) increases some primary producers' tax liability by requiring them to pay extra income tax on their averaging components worked out under Subdivision 392 - C.
Table of Subdivisions
Guide to Division 5
5 - A How to work out when to pay your income tax