Taxation (Income Tax Rate and Other Amendments) Bill

Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.

This bill introduces amendments to the Income Tax Act 2007 and the Tax Administration Act 1994 to introduce a new top personal income tax rate of 39% on annual income that exceeds $180,000, and set the minimum family tax credit threshold for the 2020-21 and later tax years.