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Income Tax Rates Act 1986

No. 107, 1986

Compilation No. 64

Compilation date: 1 October 2024

                Includes amendments: Act No. 67, 2024

About this compilation

This compilation

This is a compilation of the Income Tax Rates Act 1986 that shows the text of the law as amended and in force on 1 October 2024 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
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
Subdivision B—Rates of tax and notional rates
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