Income Tax Rates Act 1986

Schedules

SCHEDULE 7 - GENERAL RATES OF TAX  

Subsection 12(1)

PART I - RESIDENT TAXPAYERS  

SECTION 4.  

4.    

If the resident taxpayer is a working holiday maker at any time during the year of income:

(a)    

count the taxpayer ' s working holiday taxable income for the year of income as the first parts (starting from $0) of the taxpayer ' s ordinary taxable income for the purposes of the table in clause 1 that is applicable to the year of income; and

(b)    do not apply the rates in that table to that working holiday taxable income; and

(c)    do not count that working holiday taxable income when working out the taxpayer ' s taxable income for the purposes of clause 2 or 3.

Note:

The rates for the taxpayer ' s working holiday taxable income for the year of income are set out in Part III.