CTHIn ForceAct
Income Tax Rates Act 1986
23AAMeaning of base rate entity
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#### 23AA Meaning of base rate entity
An entity is a base rate entity for a year of income if:
(a) no more than 80% of its assessable income for the year of income is base rate entity passive income; and
(b) its aggregated turnover (within the meaning of the Income Tax Assessment Act 1997) for the year of income, worked out as at the end of that year, is less than $50 million.