The material and information listed below is general commentary only. As such, the comments and information contained below do not represent advice, professional or otherwise. Users should seek their own independent advice before making decisions or acting in any way that concerns them or any related party or interest.

Click here to download the 2011 - 2012 tax card. 

Total tax payable = Taxable Income x Tax Rates - Rebates - Other Tax Offsets - Imputation Credits + Medicare Levy on taxable income

Taxable Income	Tax Payable
$0-$6,000	$Nil
$6,001-$37,000	$Nil + 15% over $6,000
$37,001-$50,000	$4,650 + 30% over $37,000
**Flood levy Applies over $50,000
$50,001-$80,000	$8,550 + 30.5% over $50,000
$80,001-$100,000	$17,700 + 37.5% over $80,000
$100,001-$180,000	$25,200 + 38% over $100,000
Over $180,001	$55,600 + 46% over $180,000

A Tax offset of $1,500 is available to taxpayers with less than $30,000 taxable income. It phases out at $63,750. 



Unearned income of resident minors under 18 not in full time employment

Unearned Income	Tax Payable
$0-$416	$Nil
$417-$1,307	$Nil + 66% over $416
Over $1,307	45% flat

From 1 July 2011, minors are no longer able to access the Low Income Tax Offset.
Minors can effectively only receive $416 tax free.

Taxable Income	Tax Payable
$0-$37,000	$0.29 for each $1
$37,001-$80,000	$10,730 + 30% over $37,000
$80,001-$180,000	$26,630 + 37% over $80,000
Over $180,000	$60,630 + 45% over $180,000