In forceAmending Act
Treasury Laws Amendment (Cost of Living Tax Cuts) Act 2024
Act No. 3 of 2024 · Assented 5 March 2024
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In brief
Replaces the personal income tax rate tables from the 2024-25 year: 16% up to $45,000, 30% to $135,000, 37% to $190,000 and 45% above, with matching changes for non-residents and working holiday makers.
Who's affected
- Australian income taxpayers
- Non-resident taxpayers
- Working holiday makers
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