is a quick reference for ATO income tax rates and related information

Federal Treasurer Joe Hockey

Mid-Year Economic and Fiscal Outlook (MYEFO) 2014-15

The projected budget deficit for this 2014-15 financial year has now been confirmed by Treasurer Joe Hockey to be $40.4 billion. This is up by over $10 billion than the 2014 May budget forecast, with the projected return to surplus delayed by 4 years until 2019-20 financial year. The Treasurer identifies a … read more


Fuel Tax Increases

The government has announced that the re-introduction of regular inflation adjustments to the fuel tax will commence from 10 November 2014. This was a  key revenue measure contained in the May 2014 budget. In the face of political opposition to the measure in the Federal parliament, … read more


Mining Tax Repealed Finally – With Compromises

With the assistance of the Palmer United Party the Mining Tax repeal legislation has now finally been approved by both Houses of parliament. For the Government the price of approval came in the form of some compromise in measures which were linked to the Mining Tax when it … read more


Carbon Tax Gone – But Budget Headaches Remain

The government has finally achieved its much-publicised objective of getting rid of the carbon tax, when the Senate approved the package of repeal bills on 17 July 2014. But winning the Senate’s approval has come at a cost – in earlier repeal attempts the government … read more

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This page was last modified on 17 March 2015