Page 1 of 4

TAX RATES AND OTHER INFORMATION Version 1 July 2013

Company tax rate 30%, Superannuation Fund tax rate 15%
Resident Individuals 2013/14
Taxable income Tax payable
0- $18,200 Nil
$18,201 - $37,000 19c for each $1 over $18,200
$37,001 - $80,000 $3,572 plus 32.5c for each $1 over $37,000
$80,001 $180,000 $17,547 plus 37c for each $1 over $80,000
> 180,001 and over $54,547 plus 45c for each $1 over $180,000

Unearned income of resident minors < 18 not in full-time employment 2013/14
Unearned income Tax payable
0 $416 Nil
$417 $1307 66% over $416
Over $1307 45% flat on all unearned income

Medicare levy General rate
1.5 per cent is the Medicare levy rate. The Medicare Levy low-income threshold $20,542 for
singles, $32,743 for couples plus $3,007 for each dependant child.

Medicare Levy Surcharge & Private Health Care Rebate 2012/13
http://www.health.gov.au/internet/main/publishing.nsf/Content/phi-rebate&medicarelevy-
surcharge
Base Tier Tier 1 Tier 2 Tier 3
Singles s $88,000 $88,001-102,000 $102,001-136,000 > $136,001
Families s $176,000 $176,001-204,000 $204,001-272,000 > $272,001
Aged under 65 30% 20% 10% 0%
Aged 65-69 35% 25% 15% 0%
Aged 70 or over 40% 30% 20% 0%
Medicare levy surcharge 0% 1.00% 1.25% 1.50%
(the thresholds are increased by $1500 for each child after the first)

Low Income Tax Offsets (LITO) 2013/14
Taxable Income< $37,000 offset of $445 allowed, reduces by $0.015 per dollar >$37,000

Fringe benefits tax 2013/14 (http://www.ato.gov.au/Rates/FBT/?default=&page=1)
FBT rate is 46.5 per cent & FBT gross-up rates are 1.8692 or 2.0647.
FBT benchmark interest rate is 7.4% & Depreciation rate is 25% (purchased after 10/5/06)
FBT motor vehicle statutory formula percentages (from 1 April 2013, NB. transitional rates apply)
Distance travelled % of purchase price
0-14,999 km 20%
15,000-24,999 km 20%
25,000-40,000 km 20%
over 40,000 km 17%

on Contributi Employee
year FBT in Days
Use Private Available Days x Rate Statutory x Value Car

| | ( ) on Contributi Employee Use Business Proportion - 100% Cost x Operating

Page 2 of 4

Superannuation Contributions 2013/14
Concessional Contributions
Under 59 at 30/6/2013 $25000, 59 or over at 30/6/2013 $35000
Non-Concessional Contributions
$150000 p.a., people < 65 can bring forward two years, ie. $450,000 over three years
Low Income Superannuation Contribution
If adjusted taxable income < $37000, 15% offset on SG contributions (max $500, min $10)
Government Co-Contribution
50% matching to maximum $500 co-contribution, threshold $33516 (2013/14) reduction rate 3.333c
Superannuation Contributions Spouse Rebate
18% on maximum base $3000, threshold assessable income $10800, reduction rate $1.00 (2013/14)
Contributions Splitting (Employer or SG contributions)
If spouse < 55 or 55-65 and not permanently retired, 85% of contributions (to max 85% conc. cap)

Taxation of superannuation benefits (http://www.ato.gov.au/Individuals/Super/)
Taxed Superannuation Money Withdrawing a lump sum
Type of Superannuation Money Age Tax consequences
Tax free Not Applicable Tax Free
Taxable Over 60
Under 60 & above
preservation age
Tax Free
Up to low-rate threshold*,tax free
Above threshold, taxed at 15% + ML**
* low-rate threshold 2013/14 $180000 ** Medicare Levy

Untaxed Superannuation Money Withdrawing a lump sum
Type of Super Money Age Tax consequences
Tax free Not Applicable Tax Free
Taxable Over 60

Under 60
- Up to untaxed plan cap** taxed at 15% + ML
- Above untaxed plan cap** taxed at 45% + ML
- Up to low-rate threshold*, taxed at 15% + ML
- Above low-rate threshold* but below untaxed plan
cap** taxed at 30% + ML
- Above untaxed plan cap** taxed at 45% + ML
* low-rate threshold 2013/14 $180000 **Untaxed plan cap 2013/14 $1.315 million

Summary of Tax treatment for Superannuation Death Benefits
Lump Sums Dependant Tax treatment
Death Benefit Tax Dependant Nil
Non-Tax Dependant 15% + Medicare Levy*
Income Stream tax dependant only Age Tax treatment
Death Pension If either the deceased or
dependant is age 60 or above
Nil
Both the deceased and
dependant are under age 60
Marginal rates + Medicare
Levy* with 15% offset
*except if received via estate

Retirement Income Stream
Age Type of Money Tax treatment
< 60 Taxed superannuation money 15% rebate
60 Untaxed superannuation money 10% rebate
< 60 Untaxed superannuation money 0% rebate
55 < 60 Ordinary money 15% rebate
Page 3 of 4

Minimum payments required: Account based pensions (2013/14)
Age at July 1 % of Balance as at 1 July
55-64 yrs 4%
65-74 5%
75-79 6%
80-84 7%
85-89 9%
90-94 11%
95+ 14%

Maximum Age Pension Rate per fortnight effective 20 March 2013*
Single $733.70 + $61.20 (supplement) + $13.50 (Clean Energy supplement)
Couple (each) $524.10 + $46.10 (supplement) + $10.20 (Clean Energy supplement)
*Whilst rate will be updated 20 Sept, we will use the above rate for the semester

Age Pension Eligibility (excludes transitional rules from September 2009 & rent assistance)
Men 65 years, Women as below:
Effective from Pension age Applies to women born
Eligible now Before 1 July 1947
1 July 2011 64.5 years From 1 July 1947 to 31 December 1948
1 July 2013 65 years From 1 January 1949 to 30 June 1952
N.B from 1 July 2017 increases to 65.5, then increases 0.5 years every 2 years until age 67
Age Pension Assets test thresholds and upper limits*
Value Home-owner Non-home-owner
Threshold for full benefit
Single $196 750 $339 250
Couple $279 000 $412 500
Upper limit for part benefit
Single $735 750 $878 250
Couple $1 092 000 $1 234 500
*Low threshold changes July 1 (for full pension eligibility) and upper threshold also change in March
and September each year (for part pension eligibility). The above rates are applicable as at July 1
and will be used through the semester.
- Pension reduction $1.50 per fortnight for every $1,000 above threshold (single & couple)
Income test thresholds and upper limits*
For Full Pension
(per fortnight)
For Part Pension
(per fortnight)
Single Up to $156 < $1,772.80
Couple (combined) Up to $276 < $2,713.60
* Low threshold changes July 1 (for full pension eligibility) and upper threshold also change in March
and September each year (for part pension eligibility). The above rates are applicable as at July 1
and will be used through the semester.
- Pension reduction rate 50 cents each dollar (single), or 25 cents for each person of the couple

Deeming Rates on Financial Assets Pensions thresholds
Single pensioner first $45,400 deemed 2.5%, over threshold 4.0%
Pensioner couple first $75,600 (combined) deemed 2.5%, over threshold 4.0%

Work Bonus (applies from 1
st
July 2011): Flat $250 per fortnight. Accrued balance to max. $6500.
Page 4 of 4





























Capital gains tax price indices for quarters ended
31 March 30 June 30 Sept 31 Dec
1985 - - 71.3 72.7
1986 74.4 75.6 77.6 79.8
1987 81.4 82.6 84.0 85.5
1988 87.0 88.5 90.2 92.0
1989 92.9 95.2 97.4 99.2
1990 100.9 102.5 103.3 106.0
1991 105.8 106.0 106.6 107.6
1992 107.6 107.3 107.4 107.9
1993 108.9 109.3 109.8 110.0
1994 110.4 111.2 111.9 112.8
1995 114.7 116.2 117.6 118.5
1996 119.0 119.8 120.1 120.3
1997 120.5 120.2 119.7 120.0
1998 120.3 121.0 121.3 121.9
1999 121.8 122.3 123.4 124.1
2000 125.2 126.2

(1 )
(1 )
t
t
t
t
FV PV r
FV
PV
r
= +
=
+
1 -1
m
APR
EAR
m
| |
= +
|
\ .
1 nominal rate
1 real interest rate
1 inflation rate
+
+ =
+
1 1
Price ( )
(1 ) (1 )
t
t t
FV
Coupon
r r r r
| |
= +
|
+ +
\ .
1 1
0


1
E
Div P
V
r
| | +
=
|
+
\ .
1 0 1 1 1
0 0 0
Dividend Yield Capital Gain Rate

1
+
= = +
E
P P Div P Div
r
P P P
1
0
E
1
0
0


, dividend yield growth rate
E
E
Div
P
r g
Div
r g
P
EPS
P PVGO
r
=

= + +
= +
0
0
0
1 1
( ) PV Ordinary Annuity
(1 )
1 1
( )(1 ) PV Annuity Due
(1 )
( ) PV Perpetuity
(1 ) 1
( ) FV Ordinary Annuity
(1 ) 1
( )(1 ) FV Annuity Due
t
t
t
t
t
t
PV C
r r r
PV C r
r r r
C
PV
r
r
FV C
r
r
FV C r
r
=
+
= +
+
=
+
=
+
= +