Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)

Schedule 7   Miscellaneous amendments

Part 2   General amendments

Income Tax Rates Act 1986

220   At the end of section 15

Add:

(8) The non-resident phase-out limit is the following amount rounded down to the nearest dollar:

(($416 x (66% - Lowest rate in the table in Part II of Schedule 7)) / (66% - Highest rate in the table in Part II of Schedule 7))