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Hansard
- Start of Business
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QUESTION
- OFF-SHORE ISLANDS IN FORMOSA STRAIT
- QUESTION
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QUESTION
- PARLIAMENTARY PROCEDURE
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QUESTION
- COMMONWEALTH OFFICES, ADELAIDE
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QUESTION
- NATIONALIZATION
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QUESTION
- EYE BANK
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QUESTION
- WESTERN AUSTRALIAN TRADE DELEGATION
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QUESTION
- TELEVISION
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QUESTION
- AUSTRALIAN FORCES IN MALAYA
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QUESTION
- PARLIAMENT HOUSE
- QUESTION
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QUESTION
- POSTAL DEPARTMENT
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QUESTION
- TELEVISION EDUCATIONAL SERVICES
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QUESTION
- MEAT INDUSTRY RESEARCH
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QUESTION
- OFF-SHORE ISLANDS IN FORMOSA STRAIT
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QUESTION
- ALCOHOLISM
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QUESTION
- AUSTRALIAN MILITARY FORCES
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QUESTION
- NATIONALIZATION
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QUESTION
- AUDIT ACT
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QUESTION
- BROADCASTING
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QUESTION
- TAX REIMBURSEMENTS TO STATES
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QUESTION
- QUESTIONS
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WHEAT INDUSTRY STABILIZATION BILL 1958
- Second Reading
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WHEAT EXPORT CHARGE BILL 1958
- MCMAHON, William
- Second Reading
- DAIRY PRODUCE RESEARCH AND SALES PROMOTION BILL 1958
- DAIRY PRODUCE EXPORT CONTROL BILL 1958
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RE-ESTABLISHMENT AND EMPLOYMENT BILL (No. 2) 1958
- Second Reading
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TRADESMEN'S RIGHTS REGULATION BILL 1958
- Second Reading
- LOAN (HOUSING) BILL 1958
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INCOME TAX AND SOCIAL SERVICES CONTRIBUTION ASSESSMENT BILL 1958
- Second Reading
- INCOME TAX AND SOCIAL SERVICES CONTRIBUTION BILL 1958
- SECOND SCHEDULE
- THIRD SCHEDULE
- FOURTH SCHEDULE
- FIFTH SCHEDULE
- EXCISE BILL 1958
- LOAN (HOUSING) BILL1958
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MAIL EXCHANGE, REDFERN, NEW SOUTH WALES
- Report of Public Works Committee
- COAL INDUSTRY BILL 1958
- BILLS RETURNED FROM THE SENATE
- LOAN (WAR SERVICE LAND SETTLEMENT) BILL 1958
- COCOS (KEELING) ISLANDS BILL 1958
- SOCIAL SERVICES BILL 1958
- ADJOURNMENT
- Adjournment
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ANSWERS TO QUESTIONS
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Government Loans and Finance
(CAIRNS, Jim, PETERS, Edward, MENZIES, Robert, MCMAHON, William) -
Butter and Margarine
(WARD, Edward, MCMAHON, William) -
Radio-activity
(WARD, Edward, TOWNLEY, Athol) -
Papua and New Guinea
(LUCHETTI, Anthony, CAMERON, Donald Alastair, WHITLAM, Gough, GALVIN, Patrick, DALY, Fred, FRASER, Jim, DAVIDSON, Charles) -
Australian Military Forces
(WHITLAM, Gough, CRAMER, John)
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Government Loans and Finance
Page: 1402
Rates op Tax and Contribution by Reference to an Average Income.
In the case of a taxpayer to whose income Division 16 of Part III. of the Assessment Act applies, the rates of income tax and social services contribution are -
(a) for every £1 of so much of the taxable income as does not exceed Four thousand pounds -
(i) the rate ascertained by applying the rates set forth in the First Schedule to a taxable income equal to his average income and dividing the resultant amount by a number equal to the number of whole pounds in that average income; or
(ii) 71.775 pence, whichever is the less; and
(b) for every £1 of the remainder of the taxable income, the rate ascertained by deducting the amount of One thousand one hundred and ninety-six pounds five shillings from the tax and contribution which would be payable if the rates set forth in the First Schedule were applied to the total taxable income and dividing the resultant amount by a number equal to the number of whole pounds in that remainder.
