S 4-25 substituted by No 93 of 2011, s 3 and Sch 3 item 54, effective 8 September 2011. For application, savings and transitional provisions see note under Div
heading. S 4-25 formerly read:
SECTION 4-25 Special provisions for working out your basic income tax liability
Subsection 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.
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
S 4-25 inserted by No 46 of 1998.