Part III cl 1 amended by No 92 of 2020, s 3 and Sch 1 item 15, by repealing table dealing with tax rates for working holiday makers for the 2020-21, 2021-22, 2022-23 or 2023-24 year of income (including the note), effective 1 July 2024. For application provision, see note under
Pt I cl 1
. The table dealing with tax rates for working holiday makers for the 2020-21, 2021-22, 2022-23 or 2023-24 year of income (including the note) formerly read:
|
Tax rates for working holiday makers for the 2020-21, 2021-22, 2022-23 or 2023-24 year of income
|
|
Item
|
For the part of the taxpayer
'
s working holiday taxable income that:
|
The rate is:
|
| 1 |
does not exceed $45,000 |
15% |
| 2 |
exceeds $45,000 but does not exceed $120,000 |
32.5% |
| 3 |
exceeds $120,000 but does not exceed $180,000 |
37% |
| 4 |
exceeds $180,000 |
45% |
Note:
The above table will be repealed on 1 July 2024 by the
Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020
.
Part III cl 1 amended by No 3 of 2024, s 3 and Sch 1 item 4, by substituting table dealing with tax rates for working holiday makers for the 2024-25 year of income or a later year of income. The table dealing with tax rates for working holiday makers for the 2024-25 year of income or a later year of income formerly read:
|
Tax rates for working holiday makers for the 2024-25 year of income or a later year of income
|
|
Item
|
For the part of the taxpayer
'
s working holiday taxable income that:
|
The rate is:
|
| 1 |
does not exceed $45,000 |
15% |
| 2 |
exceeds $45,000 but does not exceed $200,000 |
30% |
| 3 |
exceeds $200,000 |
45% |
Part III cl 1 amended by No 92 of 2020, s 3 and Sch 1 items 11 and 12, by substituting
"
Tax rates for working holiday makers for the 2020-21, 2021-22, 2022-23 or 2023-24 year of income
"
for
"
Tax rates for working holiday makers for the 2022-23 or 2023-24 year of income
"
and the note in table dealing with
"
tax rates for working holiday makers for the 2022-23 or 2023-24 year of income
"
, effective 15 October 2020. The note formerly read:
Note:
The above table will be repealed on 1 July 2026 by the
Treasury Laws Amendment (Personal Income Tax Plan) Act 2018
.
Part III cl 1 amended by No 92 of 2020, s 3 and Sch 1 item 9, by repealing the table dealing with
"
tax rates for working holiday makers for the 2018-19, 2019-20, 2020-21 or 2021-22 year of income
"
(including the note), effective 15 October 2020. No 92 of 2020, s 3 and Sch 1 item 10 contains the following application provision:
10 Repealed law continues for relevant years of income
10
Despite the repeal by item 9 of the table mentioned in that item, that table continues to apply, in relation to assessments for the 2018-19 or 2019-20 year of income, as if that repeal had not happened.
The table dealing with
"
tax rates for working holiday makers for the 2018-19, 2019-20, 2020-21 or 2021-22 year of income
"
(including the note) formerly read:
|
Tax rates for working holiday makers for the 2018-19, 2019-20, 2020-21 or 2021-22 year of income
|
|
Item
|
For the part of the taxpayer
'
s working holiday taxable income that:
|
The rate is:
|
| 1 |
does not exceed $37,000 |
15% |
| 2 |
exceeds $37,000 but does not exceed $90,000 |
32.5% |
| 3 |
exceeds $90,000 but does not exceed $180,000 |
37% |
| 4 |
exceeds $180,000 |
45% |
Note:
The above table will be repealed on 1 July 2024 by the
Treasury Laws Amendment (Personal Income Tax Plan) Act 2018
.
Part III cl 1 amended by No 52 of 2019, s 3 and Sch 2 items 3 and 4, by substituting table dealing with
"
tax rates for working holiday makers for the 2022-23 or 2023-24 year of income
"
including the note and table dealing with
"
tax rates for working holiday makers for the 2024-25 year of income or a later year of income
"
, effective 6 July 2019. The tables formerly read:
|
Tax rates for working holiday makers for the 2022-23 or 2023-24 year of income
|
|
Item
|
For the part of the taxpayer
'
s working holiday taxable income that:
|
The rate is:
|
| 1 |
does not exceed $41,000 |
15% |
| 2 |
exceeds $41,000 but does not exceed $120,000 |
32.5% |
| 3 |
exceeds $120,000 but does not exceed $180,000 |
37% |
| 4 |
exceeds $180,000 |
45% |
Note:
The above table will be repealed on 1 July 2026 by the
Treasury Laws Amendment (Personal Income Tax Plan) Act 2018
.
|
Tax rates for working holiday makers for the 2024-25 year of income or a later year of income
|
|
Item
|
For the part of the taxpayer
'
s working holiday taxable income that:
|
The rate is:
|
| 1 |
does not exceed $41,000 |
15% |
| 2 |
exceeds $41,000 but does not exceed $200,000 |
32.5% |
| 3 |
exceeds $200,000 |
45% |
Part III cl 1 amended by No 47 of 2018, s 3 and Sch 2 items 8 and 9, by substituting
"
table that is applicable to the year of income
"
for
"
following table
"
and the table, effective 1 July 2018. The table formerly read:
|
Tax rates for working holiday makers
|
|
Item
|
For the part of the taxpayer
'
s working holiday taxable income that:
|
The rate is:
|
| 1 |
does not exceed $37,000 |
15% |
| 2 |
exceeds $37,000 but does not exceed $87,000 |
32.5% |
| 3 |
exceeds $87,000 but does not exceed $180,000 |
37% |
| 4 |
exceeds $180,000 |
45% |
Part III cl 1 inserted by No 92 of 2016, s 3 and Sch 1 item 7, applicable in relation to:
(a) assessable income derived on or after 1 January 2017; and
(b) so much of any amounts that can be deducted as relate to such assessable income.
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