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Clean Energy (Income Tax Rates Amendments) Bill 2011

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2010-2011

 

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

 

 

SENATE

 

 

Clean Energy (income tax rates amendments) bill 2011

Clean Energy (Tax Laws Amendments) Bill 2011

 

 

CORRECTION TO THE

EXPLANATORY MEMORANDUM

 

 

Personal tax rates and low-income tax offset

Chapter 1, paragraph 1.9 — omit first dot point, substitute:

•    the tax-free threshold will increase from $18,200 to $19,400 and the LITO will be reduced from $445 to $300, meaning low-income earners receive an effective tax-free threshold of $20,979; and

 

 

(Circulated by the Authority of the

Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)