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S 31 repealed by No 92 of 2020, s 3 and Sch 5 item 40, effective 1 January 2021 and applicable in relation to assessments for income years commencing on or after 1 July 2021. S 31 formerly read:

SECTION 31 RATE OF EXTRA INCOME TAX FOR RECOUPMENTS FOR R & D ACTIVITIES  
31
The rate of extra income tax payable under Subdivision 355-G (about government R & D recoupments) of the Income Tax Assessment Act 1997 for a year of income is 10%.

S 31 inserted by No 92 of 2011, s 3 and Sch 1 item 3, applicable to assessments for years of income commencing on or after 1 July 2011.