20 Jul 10 GDP adjustment remains at 2% for 2010-11
The ATO has advised that it adjusts PAYG instalment and GST instalment amounts to reflect changes in the economic growth. This is known as the gross domestic product (GDP) adjustment. It updates this every year, based on national account data published by the Australian Bureau of Statistics. The GDP adjustment used to calculate PAYG instalment amounts and GST instalments will remain at 2% for the 2010–11 income year.