Document ID: chunk:federal_register_of_legislation:C2016A00092:clause:1_4
Version: federal_register_of_legislation:C2016A00092
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 3390–4072

4  At the end of Part I of Schedule 7
Add:
 4. If the resident taxpayer is a working holiday maker at any time during the year of income:
 (a) count the taxpayer's working holiday taxable income for the year of income as the first parts (starting from $0) of the taxpayer's ordinary taxable income for the purposes of the table in clause 1; and
 (b) do not apply the rates in that table to that working holiday taxable income; and
 (c) do not count that working holiday taxable income when working out the taxpayer's taxable income for the purposes of clause 2 or 3.
Note: The rates for the taxpayer's working holiday taxable income for the year of income are set out in Part III.