Tax Rates
Personal Tax Rates 2007
Income Rate
0 – 6,000 0%
6,001 – 25,000 15%
25,001 – 75,000 30%
75,001 – 150,000 40%
150,001 + 45%
Company Tax Rate – 30%
HECS Repayment Threshold
Income Rate
0 – 38,148 0%
38,149 – 42,494 4%
42,495 – 46,838 4.5%
46,839 – 49,300 5%
49,301– 52,994 5.5%
52,995 – 57,394 6%
57,395 – 60,414 6.5%
60,415 – 66,485 7%
66,486 – 70,846 7.5%
70,847 + 8%
Per Kilometre Rates for Motor Vehicles
0-1600cc 58.0c
1601 – 2600cc 69.0c
2600 cc + 70.0c
FBT Statutory Fraction
Kilometers Fraction
0 – 15,000 0.26
15,000 – 24,999 0.20
25,000 – 40,000 0.11
40,000 + 0.07
Superannuation Deduction Limits
<35 years 35-49 years 50+ years
15,260 42,385 105,113
Land Tax
New South Wales
Taxable Value Rate
$0 - $351,999 $0
$352,000 and over $100 plus 1.7%
Queensland
Individuals
Taxable Value Rate
$0 - $499,999 $0
$500,000 - $749,999 $500 plus 0.7 cents for each $ more than $500,000
$750,000 - $1,249,999 $2,250 plus 1.45 cents for each $ more than $750,000
$1,250,000 - $1,999,999 $9,500 plus 1.5 cents for each $ more than $1,250,000
$2,000,000 - $2,999,999 $20,750 plus 1.675 cents for each $ more than $2,000,000
$3,000,000 and over Flat rate of 1.25 cents for each $ of the taxable value
Companies, trustees and absentees:
Taxable Value Rate
$0 - $299,999 $0
$300,000 - $749,999 $1,500 plus 1.5 cents for each $ more than $300,000
$750,000 - $1,249,999 $8,250 plus 1.65 cents for each $ more than $750,000
$1,250,000 - $1,999,999 $16,500 plus 1.8 cents for each $ more than $1,250,000
$2,000,000 and over Flat rate of 1.5 cents for each $ of the taxable value
Western Australia
Taxable Value Rate
$0 – $150,000 $0
$15,001 - $390,000 0.15 cent for each $1 in excess of $150,000
$390,001 - $875,000 $360 plus 0.45 cent for each $1 in excess of $390,000
$875,001 - $2,000,000 $2,542 plus 1.62 cents for each $1 in excess of $875,000
$2,000,001 - $5,000,000 $22,560 plus 2.30 cents for each $1 in excess of $2,000,000
$5,000,001 and upwards $89,767.50plus 2.50 cents for each $1 in excess of $5,000,000
Travel Allowances
Annual Salary less than $84,250
Place Accommodation Food & Drink Incidentals Total
(Breakfast $19.60
Lunch $21.95
Dinner $37.80)
Adelaide 136 79.35 14.95 230.30
Brisbane 141 79.35 14.95 235.30
Canberra 114 76.35 14.95 208.30
Darwin 128 76.35 14.95 222.30
Hobart 104 76.35 14.95 198.30
Melbourne 150 76.35 14.95 244.30
Perth 126 76.35 14.95 220.30
Sydney 158 76.35 14.95 252.30
Annual Salary between $84,251 and $149,750
Place Accommodation Food & Drink Incidentals Total
(Breakfast $21.30
Lunch $30.15
Dinner $42.25)
Adelaide 152 93.70 21.35 267.05
Brisbane 172 93.70 21.35 287.05
Canberra 143 93.70 21.35 258.05
Darwin 140 93.70 21.35 255.05
Hobart 125 93.70 21.35 240.05
Melbourne 169 93.70 21.35 284.05
Perth 152 93.70 21.35 267.05
Sydney 196 93.70 21.35 311.05
Annual Salary above $149,751
Place Accommodation Food & Drink Incidentals Total
(Breakfast $25
Lunch $36
Dinner $55)
Adelaide 195 116 21.35 332.35
Brisbane 216 116 21.35 353.35
Canberra 195 116 21.35 332.35
Darwin 195 116 21.35 332.35
Hobart 195 116 21.35 333.35
Melbourne 265 116 21.35 402.35
Perth 195 116 21.35 333.35
Sydney 265 116 21.35 402.35
Goods taken from stock for private use
Type of business Adult / Child 16 years + Child 4-16 years
Bakery 980 490
Butcher 660 330
Restaurant/café (licensed) 3,380 1,340
Restaurant/café (unlicensed) 2,680 1,340
Caterer 2,930 1,465
Delicatessen 2,680 1,340
Fruiterer/greengrocer 710 355
Take-away food shop 2,550 1,275
Mixed business (eg. milk bar, 3,220 1,610
convenience store)
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