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Clean Energy (Tax Laws Amendments) Bill 2011
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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)