2006/7 ATO rates

Personal tax rates

The following personal tax rates will come into effect on 1 July 2006.

Thresholds

Thresholds (2005/06)	Tax rate	Proposed thresholds (2006/07)	Tax rate
$0 - $6,000	0%	$0 - $6,000	0%
$6,001 - $21,600	15%	$6,001 - $25,000	15%
$21,601 - $63,000	30%	$25,001 - $75,000	30%
$63,001 - $95,000	42%	$75,001 - $150,000	40%
$95,001+	47%	$150,001+	45%

2007 HECS repayment rates

Income level	Repayment rate
0 - 38,148	Nil
38,149 - 42,494	4.0
42,495 - 46,838	4.5
46,839 - 49,300	5.0
49,301 - 52,994	5.5
52,995 - 57,394	6.0
57,395 - 60,414	6.5
60,415 - 66,485	7.0
66,486 - 70,846	7.5
70,847 and above 8.0	8.0

Company tax rate

For the 2005/2006 and 2006/2007 years, the company tax rate remains at 30%.

FBT rate

From 1 April 2006, the FBT rate has been reduced from 48.5% to 46.5%.

Motor vehicle rates

Non-rotary engine (cc)	Rate per km
0 - 1600	55
1601 - 2600	66
2601 +	67

Published : 8 June 2006