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    ACT

    The Australian Taxation Office (ATO) has released the annual Taxation Statistics report for the income year 2016–17. The report presents an overview of 16.5 million 2017 income tax returns for 13.9 million individuals, 970,000 companies, as well as super funds, partnerships and trusts.

    As part of this year’s tax stats release, we’ve also included data of individuals with private health insurance. Other parts of the taxation system are also covered in a user–friendly format including data on Goods and Services Tax, excise, Fringe Benefits Tax and the Pay As You Go system.

    The statistics cover areas such as average taxable income by occupation and state. The profession with the highest income was surgeons, with a national average taxable income of $394,866. Anaesthetists filled the second spot with an average income of $367,343 and internal medicine specialists came in third with an average income of $299,378.

    In the ACT, the profession with the highest income was anaesthetists with an average taxable income of $391,157.

    Based on average taxable income (2016-17 Income year)
1. Surgeon, $394,866
2. Anaesthetist, $367,343
3. Internal medicine specialist, $299,378
4. Financial dealer, $261,008
5. Psychiatrist, $216,075
6. Other medical practitioner, $204,387
7. Judicial/ legal professionals, $195,703
8. Mining engineer, $167,345
9. CEO or managing director, $157,643
10. Engineering manager, $147,451

    Out of around 1,100 occupations recorded, there were 72 occupations where females had an average taxable income higher than males. This included authors, future traders, magistrates, professional surfers and illustrators.

    Based on average taxable income (2016-17 Income year)

1. Author
Females: $85,006 Males: $68,342

2. Futures Trader
Females: $315,197 Males: $303,466

3. Magistrates
Females: $262,152 Males: $255,177

4. Pro Surfer
Females: $76,614 Males: $48,367

5. Illustrator
Females: $62,245 Males: $58,304

    The highest average taxable income of $230,330 was recorded in Sydney’s 2108 postcode which covers Coasters Retreat, Palm Beach, Currawong Beach and Great Mackerel Beach.

    Based on average taxable income (2016-17 Income year)

In the Northern Territory, the highest taxable income of $83,343 was recorded in 885 postcode which covers Alyangula. 

In WA, the highest taxable income of $155,264 was recorded in 6011 postcode which covers Cottleslow and Peppermint Grove.

In SA, the highest taxable income of $93,871 was recorded in 5061 postcode which covers Hyde Park, Malvern, Unley, Unley bc, Unley Dc and Unley Park. 

In VIC, the highest taxable income of $193,904 was recorded in 3142 postcode which covers Hawksburn and Toorak. 

In TAS, the highest taxable income of $68,621 was recorded in 7258 postcode which covers Breadlbane, Relbia and White Hills.

In the ACT, the highest taxable income of $110,394 was recorded in 2603 postcode which covers Forrest, Griffith, Manuka and Red Hill.

In NSW, the highest taxable income of $230,330 was recorded in 2108 postcode which covers Coasters Retreat, Currawong Beach, Great Mackerel Beach and Palm Beach.

In QLD, the highest taxable income of $107,478 was recorded in 4007 postcode which covers Ascot, Hamilton and Hamilton Central.

    ACT’s 2603 postcode, covering Forrest, Griffith, Manuka, and Red Hill, was the ACT’s highest with average taxable incomes of $110,394.

    Based on average taxable income (2016-17 Income year)

1. The highest taxable income of $110,394 was recorded in 2603 postcode which covers Forrest, Griffith, Manuka and Red Hill.

2. The second highest taxable income of $102,131 was recorded in 2600 postcode which covers Barton, Canberra, Capital Hill, Deakin, Deakin West, Harman, HMAS Harman, Parkes, Russell and Yarralumla.

3. The third highest taxable income of $87,389 was recorded in 2604 postcode which covers Causeway, Kingston and Narrabundah.

4. The fourth highest taxable income of $85,567 was recorded in 2605 postcode which covers Curtin, Garran and Hughes.

5. The fifth highest taxable income of $75,381 was recorded in 2612 postcode which covers Braddon, Campbell, Reid and Turner.

6. The sixth highest taxable income of $73,301 was recorded in 2607 postcode which covers Farrer, Isaacs, Mawson, Pearce and Torrens.

7. The seventh highest taxable income of $71,410 was recorded in 2911 postcode which covers Crace and Mitchell.

8. The eighth highest taxable income of $71,274 was recorded in 2602 postcode which covers Ainslie, Dickson, Downer, Hackett, Lyneham, O'Connor and Watson.

9. The ninth highest taxable income of $71,177 was recorded in 2611 postcode which covers Bimberi (NSW), Brindabella (NSW), Chapman, Cooleman (NSW), Coombs, Coree, Denman Prospect, Duffy, Fisher, Holder, Rivett, Stirling, Stromlo, Uriarra (NSW), Uriarra Village, Waramanga, Weston, Weston Creek and Wright.

10. The tenth highest taxable income of $70,051 was recorded in 2606 postcode which covers Chifley, Woden, Phillip, O'Malley and Lyons.

    Based on average taxable income (2016-17 Income year)1. The highest taxable income of $110,394 was recorded in 2603 postcode which covers Forrest, Griffith, Manuka and Red Hill.2. The second highest taxable income of $102,131 was recorded in 2600 postcode which covers Barton, Canberra, Capital Hill, Deakin, Deakin West, Harman, HMAS Harman, Parkes, Russell and Yarralumla.3. The third highest taxable income of $87,389 was recorded in 2604 postcode which covers Causeway, Kingston and Narrabundah.4. The fourth highest taxable income of $85,567 was recorded in 2605 postcode which covers Curtin, Garran and Hughes.5. The fifth highest taxable income of $85,334 was recorded in 2619 postcode which covers Jerrabomberra.

    Australia continues to be a charitable nation. In total, Australians reported donating $3.5 billion with an average gift size, for those who did donate, of $770. The most generous state was Western Australia, with 30% of residents claiming an average deduction of $1,190. Northern Territory residents recorded the lowest charitable donations, with 34% of residents claiming an average deduction of $405.

    In the ACT, 40% of residents claimed an average donation of $690.

    For more information see Taxation statistics 2016–17

    Last modified: 29 Mar 2019QC 58363