Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)
Schedule 7 Miscellaneous amendments
Part 2 General amendments
Income Tax Rates Act 1986
218 At the end of section 14
Add:
(3) The net income phase-out limit is the following amount rounded down to the nearest dollar:
(($416 x 50%) / (50% - Lowest rate in the table in Part I of Schedule 7))
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
