Income Tax Rates Act 1986
An individual is a working holiday maker at a particular time if the individual holds at that time:
(a) a Subclass 417 (Working Holiday) visa; or
(b) a Subclass 462 (Work and Holiday) visa; or
(c) a bridging visa permitting the individual to work in Australia if:
(i) the bridging visa was granted under the Migration Act 1958 in relation to an application for a visa of a kind described in paragraph (a) or (b); and
(ii) the Minister administering that Act is still to make a decision in relation to the application; and
(iii) the most recent visa, other than a bridging visa, granted under that Act to the individual was a visa of a kind described in paragraph (a) or (b).
An individual ' s working holiday taxable income for a year of income is the individual ' s assessable income for the year of income derived:
(a) from sources in Australia; and
(b) while the individual is a working holiday maker;
less so much of any amount the individual can deduct for the year of income as relates to that assessable income.3A(3)
However, the individual ' s working holiday taxable income does not include any superannuation remainder, or employment termination remainder, of the individual ' s taxable income for the year of income.
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