Regulation 54 Calculation of pre-commencement personal contributions amountC1

The pre-commencement personal contributions amount in relation to P is determined as follows—

Step 1

• For each fee period, find the total of the fees paid to P in respect of qualifying fee-paid days falling within the period.

Step 2

• Multiply the total found under Step 1 for each fee period by the percentage specified in relation to that fee period in column 2 of F1Table 1 of the Contributions Tables or in column 2 of a table referred to in that column, as the case may be.

Step 3

• Add together the amounts found under Step 2.