Income Tax Rates Act 1986
Div 3 heading substituted by No 70 of 1989.
(Repealed by No 15 of 2011 )
S 12C repealed by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.
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