Resident tax rates 2011-12 (Exc Medicare & Flood Levy)

Taxable income	Tax on this income
$0 to $6,000	Nil
$6,001 to $37,000	15c for each $1 over $6,000
$37,001 to $80,000	$4,650 plus 30c for each $1 over $37,000
$80,001 to $180,000	$17,550 plus 37c for each $1 over $80,000
$180,001 and over	$54,550 plus 45c for each $1 over $180,000

Resident tax rates 2010-11

Taxable income	Tax on this income
$0 to $6,000	Nil
$6,001 to $37,000	15c for each $1 over $6,000
$37,001 to $80,000	$4,650 plus 30c for each $1 over $37,000
$80,001 to $180,000	$17,550 plus 37c for each $1 over $80,000
$180,001 and over	$54,550 plus 45c for each $1 over $180,000

Please note Medicare Levy of 1.5% is not included in the above rates.

Luxury Car Tax

Threshold of $57,466 for the 2011/12 financial year.

Motor vehicle per KM rates

Ordinary Engine	Rotary Engine	Cents per Km
1.6L or less	0.8L or less	63c
1.601-2.6L	.801-1.3L	74c
Over 2.601L	Over 1.3L	75c

HELP (Formerly HECS)

HECS Repayments are payable when your adjustable taxable income is over $47,196 in the 2011/12 financial year.

 

For assistance with or application of any of the above rates, please contact us.