- Date
-
10 Feb 2011
- Chamber
-
House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Introduced with the Tax Laws Amendment (Temporary Flood and Cyclone Reconstruction Levy) Bill 2011, the bill amends the
Income Tax Rates Act 1986
to increase income tax rates for the 2011-12 financial year by 0.5 per cent on taxable income between $50 001 and $100 000, and 1 per cent on taxable income above $100 000.