Income Tax Rates Act 1986

Div 3 heading substituted by No 70 of 1989.

S 12C repealed by No 15 of 2011 (as amended by No 70 of 2015), s 3 and Sch 2 item 1, effective 1 July 2016. S 12C formerly read:

SECTION 12C RATE OF TEMPORARY FLOOD AND CYCLONE RECONSTRUCTION LEVY  
12C
The rate of extra income tax payable as mentioned in section 4-10 of the Income Tax (Transitional Provisions) Act 1997 (temporary flood and cyclone reconstruction levy) for the 2011-12 financial year on a taxpayer ' s taxable income for the 2011-12 year of income is the rate applicable under the table.

Rate of temporary flood and cyclone reconstruction levy
Item	For the part of the taxable income of the taxpayer that:	The rate is:
1	exceeds $50,000 but does not exceed $100,000	0.5%
2	exceeds $100,000	1%

S 12C renumbered from s 12B by No 70 of 2015, s 3 and Sch 6 item 39, effective 25 June 2015. This amendment corrects a misdescribed amendment by No 15 of 2011, s 3 and Sch 1 item 1.

S 12B inserted by No 15 of 2011, s 3 and Sch 1 item 1, effective 12 April 2011.