Income Tax Rates Act 1986

Sch 7 heading amended by No 70 of 1989.

Part III cl 1 amended by No 92 of 2020, s 3 and Sch 1 item 15, by repealing table dealing with tax rates for working holiday makers for the 2020-21, 2021-22, 2022-23 or 2023-24 year of income (including the note), effective 1 July 2024. For application provision, see note under Pt I cl 1 . The table dealing with tax rates for working holiday makers for the 2020-21, 2021-22, 2022-23 or 2023-24 year of income (including the note) formerly read:

Tax rates for working holiday makers for the 2020-21, 2021-22, 2022-23 or 2023-24 year of income
Item	For the part of the taxpayer ' s working holiday taxable income that:	The rate is:
1	does not exceed $ 45,000	15 %
2	exceeds $ 45,000 but does not exceed $ 120,000	32.5 %
3	exceeds $ 120,000 but does not exceed $ 180,000	37 %
4	exceeds $ 180,000	45 %

Note:

The above table will be repealed on 1 July 2024 by the Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 .

Part III cl 1 amended by No 3 of 2024, s 3 and Sch 1 item 4, by substituting table dealing with tax rates for working holiday makers for the 2024-25 year of income or a later year of income. The table dealing with tax rates for working holiday makers for the 2024-25 year of income or a later year of income formerly read:

Tax rates for working holiday makers for the 2024-25 year of income or a later year of income
Item	For the part of the taxpayer ' s working holiday taxable income that:	The rate is:
1	does not exceed $ 45,000	15 %
2	exceeds $ 45,000 but does not exceed $ 200,000	30 %
3	exceeds $ 200,000	45 %

Part III cl 1 amended by No 92 of 2020, s 3 and Sch 1 items 11 and 12, by substituting " Tax rates for working holiday makers for the 2020-21, 2021-22, 2022-23 or 2023-24 year of income " for " Tax rates for working holiday makers for the 2022-23 or 2023-24 year of income " and the note in table dealing with " tax rates for working holiday makers for the 2022-23 or 2023-24 year of income " , effective 15 October 2020. The note formerly read:

Note:

The above table will be repealed on 1 July 2026 by the Treasury Laws Amendment (Personal Income Tax Plan) Act 2018 .

Part III cl 1 amended by No 92 of 2020, s 3 and Sch 1 item 9, by repealing the table dealing with " tax rates for working holiday makers for the 2018-19, 2019-20, 2020-21 or 2021-22 year of income " (including the note), effective 15 October 2020. No 92 of 2020, s 3 and Sch 1 item 10 contains the following application provision:

10 Repealed law continues for relevant years of income  
10
Despite the repeal by item 9 of the table mentioned in that item, that table continues to apply, in relation to assessments for the 2018-19 or 2019-20 year of income, as if that repeal had not happened.

The table dealing with " tax rates for working holiday makers for the 2018-19, 2019-20, 2020-21 or 2021-22 year of income " (including the note) formerly read:

Tax rates for working holiday makers for the 2018-19, 2019-20, 2020-21 or 2021-22 year of income
Item	For the part of the taxpayer ' s working holiday taxable income that:	The rate is:
1	does not exceed $ 37,000	15 %
2	exceeds $ 37,000 but does not exceed $ 90,000	32.5 %
3	exceeds $ 90,000 but does not exceed $ 180,000	37 %
4	exceeds $ 180,000	45 %

Note:

The above table will be repealed on 1 July 2024 by the Treasury Laws Amendment (Personal Income Tax Plan) Act 2018 .

Part III cl 1 amended by No 52 of 2019, s 3 and Sch 2 items 3 and 4, by substituting table dealing with " tax rates for working holiday makers for the 2022-23 or 2023-24 year of income " including the note and table dealing with " tax rates for working holiday makers for the 2024-25 year of income or a later year of income " , effective 6 July 2019. The tables formerly read:

Tax rates for working holiday makers for the 2022-23 or 2023-24 year of income
Item	For the part of the taxpayer ' s working holiday taxable income that:	The rate is:
1	does not exceed $ 41,000	15 %
2	exceeds $ 41,000 but does not exceed $ 120,000	32.5 %
3	exceeds $ 120,000 but does not exceed $ 180,000	37 %
4	exceeds $ 180,000	45 %

Note:

The above table will be repealed on 1 July 2026 by the Treasury Laws Amendment (Personal Income Tax Plan) Act 2018 .

Tax rates for working holiday makers for the 2024-25 year of income or a later year of income
Item	For the part of the taxpayer ' s working holiday taxable income that:	The rate is:
1	does not exceed $ 41,000	15 %
2	exceeds $ 41,000 but does not exceed $ 200,000	32.5 %
3	exceeds $ 200,000	45 %

Part III cl 1 amended by No 47 of 2018, s 3 and Sch 2 items 8 and 9, by substituting " table that is applicable to the year of income " for " following table " and the table, effective 1 July 2018. The table formerly read:

Tax rates for working holiday makers
Item	For the part of the taxpayer ' s working holiday taxable income that:	The rate is:
1	does not exceed $ 37,000	15 %
2	exceeds $ 37,000 but does not exceed $ 87,000	32.5 %
3	exceeds $ 87,000 but does not exceed $ 180,000	37 %
4	exceeds $ 180,000	45 %

Part III cl 1 inserted by No 92 of 2016, s 3 and Sch 1 item 7, applicable in relation to:

(a) assessable income derived on or after 1 January 2017; and

(b) so much of any amounts that can be deducted as relate to such assessable income.

Sch 7 amended by No 138 of 1987.