YTA income apportionment method statement

In force

For the purposes of this Part, the total amount for a YTA entitlement period, in relation to income of a person in relation to a payroll period, is worked out as follows:

Method statement

Step 1. Divide the amount of the income by the number of days in the payroll period.

Step 2. Work out how many days in the payroll period fall within the YTA entitlement period.

Step 3. Multiply the amount from step 1 by the number of days from step 2. This is the total amount for the YTA entitlement period.

This Act’s bill:Explanatory memorandum Second reading speech

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1115 YTA income apportionment method statement