Income Tax Rates Act 1986
| Term(s) | Definition | Defined in Legislation | See Section(s) |
|---|---|---|---|
| prescribed non‐resident | , in relation to a year of income, means a person who, at all times during the year of income, is a non ‐ resident, not being a person to whom, at any time during the year of income, compensation or a pension, allowance or benefit is payable under: |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| prescribed unit trust | , in relation to a year of income, means a trust estate that is a public trading trust in relation to the year of income. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| public trading trust | , in relation to a year of income, means a unit trust that is a public trading trust, within the meaning of Division 6C of Part III of the Assessment Act, in relation to the year of income. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| reduced taxable income | means the part (if any) of the taxable income other than the special income component. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| resident beneficiary | , in relation to a year of income, means a beneficiary of a trust estate who is not a prescribed non ‐ resident in relation to that year of income. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| resident phase‐out limit | has the meaning given by subsection 13(10). |
Income Tax Rates Act 1986 |
Income Tax Rates Act 1986 - 3 Interpretation
Income Tax Rates Act 1986 - 13 Rates of tax where Division 6AA of Part III of the Assessment Act applies |
| resident taxpayer | , in relation to a year of income, means a taxpayer who is not a prescribed non ‐ resident in relation to that year of income. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| resident trust estate | , in relation to a year of income, means a trust estate that, under subsection 95(2) of the Assessment Act, is to be taken to be a resident trust estate in relation to that year of income. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| second resident personal tax rate | means the rate mentioned in item 2 of the table in clause 1 of Part I of Schedule 7 that is applicable to the year of income. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| SME income component | has the same meaning as in Subdivision B of Division 10E of Part III of the Assessment Act. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| special income component | , in relation to a taxable income for which there is an abnormal income amount, means: |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| tax | means income tax imposed as such by any Act other than income tax payable in accordance with section 121H, 126, 128B, 128N, 128NA, 128NB, 128T, 128V, 136A or 159C of the Assessment Act. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| tax‐free threshold | means $18,200. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| third resident personal tax rate | means the rate mentioned in item 3 of the table in clause 1 of Part I of Schedule 7 that is applicable to the year of income. |
Income Tax Rates Act 1986 | |
| unregulated investment component | has the same meaning as in Subdivision B of Division 10E of Part III of the Assessment Act. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| working holiday maker | has the meaning given by subsection 3A(1). |
Income Tax Rates Act 1986 |
Income Tax Rates Act 1986 - 3 Interpretation
Income Tax Rates Act 1986 - 3A Working holiday makers and working holiday taxable income |
| working holiday taxable income | has the meaning given by subsections 3A(2) and (3). |
Income Tax Rates Act 1986 |
Income Tax Rates Act 1986 - 3 Interpretation
Income Tax Rates Act 1986 - 3A Working holiday makers and working holiday taxable income |