INCOME TAX RATES ACT 1986

Table of Provisions

• Long Title

PART I--PRELIMINARY

• 1 Short title  
• 2 Commencement  
• 3 Interpretation  
• 3A Working holiday makers and working holiday taxable income  
• 4 Incorporation  

PART II--RATES--OF INCOME TAX PAYABLE UPON INCOMES OTHER THAN INCOMES OF COMPANIES, PRESCRIBED UNIT TRUSTS, SUPERANNUATION FUNDS AND CERTAIN OTHER TRUSTS

Division 1--Preliminary

• 5 Interpretation  

Division 3--Rates of tax

• 12 Rates of tax and notional rates  
• 12A Rate of extra income tax for primary producers  
Subdivision C--Resident taxpayers, resident beneficiaries and resident trust estates
• 13 Rates of tax where Division 6AA of Part III of the Assessment Act applies  
• 14 Limitation on tax payable by certain trustees  
Subdivision D--Non-resident taxpayers, non-resident beneficiaries and non-resident trust estates
• 15 Rates of tax where Division 6AA of Part III of the Assessment Act applies  

Division 4--Pro-rating of the tax-free threshold

• 16 Interpretation  
• 18 Part - year residency period  
• 20 Pro - rating of the tax - free threshold  

PART III--RATES--OF INCOME TAX PAYABLE UPON INCOMES OF COMPANIES, PRESCRIBED UNIT TRUSTS, SUPERANNUATION FUNDS, CERTAIN OTHER TRUSTS AND SOVEREIGN ENTITIES

• 21 Interpretation  
• 23 Rates of tax payable by companies  
• 23AA Meaning of base rate entity  
• 23AB Meaning of base rate entity passive income  
• 23A Rates of tax payable by life insurance companies  
• 25 Rate of tax payable by trustees of public trading trusts  
• 26 Rates of tax payable by trustees of superannuation funds  
• 27 Rates of tax payable by trustees of approved deposit funds  
• 27A Rates of tax payable by trustees of pooled superannuation trusts  
• 28 Rates of tax payable by certain trustees to whom section 98 of the Assessment Act applies  
• 28A Rates of tax payable by trustees of AMITs under paragraph 276 - 105(2)(b) or (c) of the Income Tax Assessment Act 1997  
• 29 Rate of tax on no - TFN contributions income  
• 30 Rate of tax payable by sovereign entities  
• SCHEDULE 7 General rates of tax
• SCHEDULE 8 Notional rates for the purposes of section 156 of the Assessment Act
• SCHEDULE 10 Rates of tax payable by a trustee under section 98 or 99 of the Assessment Act
• SCHEDULE 10A Rates of tax payable by an AMIT trustee under paragraph 276-105(2)(a) of the Income Tax Assessment Act 1997
• SCHEDULE 11 Rates of tax payable on eligible taxable income
• SCHEDULE 12 Rates of tax payable by a trustee under section 98 of the Assessment Act where Division 6AA of Part III of that Act applies