Tax Laws Amendment (Income Tax Rates) Act 2012 (60 of 2012)
Schedule 1
Part 1 Amendments applying from the 2012-13 year of income
Income Tax Rates Act 1986
3 Subparagraph 15(2)(b)(i)
Repeal the subparagraph, substitute:
(i) the amount ascertained by applying the second resident personal tax rate to $416, and then adding 66% of the amount by which that eligible taxable income exceeds $416; or
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