Income Tax Rates Act 1986

Pt III heading amended by No 36 of 2019, s 3 and Sch 1 item 2, by substituting " , certain other trusts and sovereign entities " for " and certain other trusts " , effective 1 July 2019.

S 25 amended by No 41 of 2017 (as amended by No 134 of 2018), s 3 and Sch 1 item 50, by substituting " 25% " for " 26% " in para (a), effective 1 July 2021 and applicable to the 2021-22 year of income and later years of income.

S 25 amended by No 41 of 2017 (as amended by No 134 of 2018), s 3 and Sch 1 item 44, by substituting " 26% " for " 27.5% " in para (a), effective 1 July 2020 and applicable to the 2020-21 year of income and later years of income.

S 25 amended by No 41 of 2017, s 3 and Sch 1 item 14, by substituting " base rate entity " for " small business entity " in para (a), effective 1 July 2017 and applicable to the 2017-18 year of income and later years of income.

S 25 amended by No 41 of 2017, s 3 and Sch 1 item 6, by substituting " 27.5% " for " 28.5% " in para (a), effective 1 July 2016 and applicable to the 2016-17 year of income and later years of income.

S 25 substituted by No 66 of 2015, s 3 and Sch 1 item 3, applicable to assessments for years of income starting on or after 1 July 2015. S 25 formerly read:

SECTION 25 RATE OF TAX PAYABLE BY TRUSTEES OF PUBLIC TRADING TRUSTS  
25
The rate of tax payable by a trustee of a public trading trust in respect of the net income of the public trading trust in respect of which the trustee is liable, under section 102S of the Assessment Act, to be assessed and to pay tax is 30%.

S 25 amended by No 167 of 1999, No 90 of 1995, No 18 of 1993, No 118 of 1988 and No 60 of 1987.