Clean Energy (Income Tax Rates Amendments) Act 2011 (150 of 2011)
Schedule 1 Personal tax rates
Part 1 Amendments applying from the 2012-13 year of income
Income Tax Rates Act 1986
3 Clause 1 of Part I of Schedule 7 (table items 1 and 2)
Repeal the items, substitute:
|
1 |
exceeds the tax-free threshold but does not exceed $37,000 |
19% |
|
2 |
exceeds $37,000 but does not exceed $80,000 |
32.5% |