Which of the following is correct in respect to a base rate entity?

i$.$ No more than $80\%$ of its assessable income for the year of income is base rate entity passive income and a tax rate of $25\%$ applies.

ii$.$ More than $80\%$ of its assessable income for the year of income must be base rate entity passive income and a tax rate of $30\%$ applies.

iii. No more than $80\%$ of its assessable income for the year of income is base rate entity passive income and a tax rate of $30\%$ applies.

iv$.$ more than $80\%$ of its assessable income for the year of income must be base rate entity passive income and a tax rate of $25\%$ applies.