The Income Tax Act 2007 has a schedule called Annualised equivalent amount for Part M. You can find this schedule empowered by sections MF 3 and MF 7. It has a table that shows annual amounts and their equivalent amounts. The table has two columns. One column shows the annual amount, calculated using section MF 3(2)(a). The other column shows the annualised equivalent amount for section MF 3(2)(b). The table lists different amounts and their equivalents. For example, if the annual amount is $42,700 or less, the annualised equivalent amount is $42,700. If the annual amount is more than $120,500, the annualised equivalent amount is the same as the annual amount.