Income Tax Rates Act 1986

PART I - PRELIMINARY  

SECTION 3A   WORKING HOLIDAY MAKERS AND WORKING HOLIDAY TAXABLE INCOME  

3A(1)    
An individual is a working holiday maker at a particular time if the individual holds at that time:

(a)    a Subclass 417 (Working Holiday) visa; or

(b)    a Subclass 462 (Work and Holiday) visa; or

(c)    a bridging visa permitting the individual to work in Australia if:

(i) the bridging visa was granted under the Migration Act 1958 in relation to an application for a visa of a kind described in paragraph (a) or (b) ; and

(ii) the Minister administering that Act is still to make a decision in relation to the application; and

(iii) the most recent visa, other than a bridging visa, granted under that Act to the individual was a visa of a kind described in paragraph (a) or (b) ; or

(d)    

a COVID-19 pandemic event 408 visa (as defined by subclause 9204(1) of Schedule 13 to the Migration Regulations 1994 ).

3A(2)    
An individual ' s working holiday taxable income for a year of income is the individual ' s assessable income for the year of income derived:

(a)    from sources in Australia; and

(b)    while the individual is a working holiday maker;

less so much of any amount the individual can deduct for the year of income as relates to that assessable income.

3A(3)    
However, the individual ' s working holiday taxable income does not include any superannuation remainder, or employment termination remainder, of the individual ' s taxable income for the year of income.