Please note these are subject to change.

Tax rates 2015–16

The following rates for 2015–16 apply from 1 July 2015.
Taxable income Tax on this income
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

The above rates do not include the:

  • Medicare levy of 2%
  • Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.

 

Overnight Travel Allowance Ruling - Income Tax 2015-2016

Reasonable amounts for 2015-16

11. The reasonable amounts for daily travel allowance expenses, according to salary levels and destinations, for the 2015-16 income year are shown in Tables 1 to 6 as follows.

Table 1: Employee's annual salary - $115,450 and below
Place Accomm.
$		 Food and drink
$
B'fast 25.90
Lunch 29.15
Dinner 49.65		 Incidentals
$		 Total
$
Adelaide 157 104.70 18.75 280.45
Brisbane 205 104.70 18.75 328.45
Canberra 168 104.70 18.75 291.45
Darwin 216 104.70 18.75 339.45
Hobart 132 104.70 18.75 255.45
Melbourne 173 104.70 18.75 296.45
Perth 233 104.70 18.75 356.45
Sydney 185 104.70 18.75 308.45
High cost country centres See Table 4 104.70 18.75 Variable - see Table 4
Tier 2 country centres (see Table 5) 132 B'fast 23.20
Lunch 26.50
Dinner 45.70		 18.75 246.15
Other country centres 110 B'fast 23.20
Lunch 26.50
Dinner 45.70		 18.75 224.15
Table 2: Employee's annual salary - $115,451 to $205,300
Place Accomm.
$		 Food and drink
$
B'fast 28.20
Lunch 39.90
Dinner 55.90		 Incidentals
$		 Total
$
Adelaide 208 124.00 26.80 358.80
Brisbane 257 124.00 26.80 407.80
Canberra 223 124.00 26.80 373.80
Darwin 287 124.00 26.80 437.80
Hobart 176 124.00 26.80 326.80
Melbourne 228 124.00 26.80 378.80
Perth 260 124.00 26.80 410.80
Sydney 246 124.00 26.80 396.80
High cost country centres See Table 4 124.00 26.80 Variable - see Table 4
Tier 2 country centres (see Table 5) 152 B'fast 25.90
Lunch 26.50
Dinner 51.60		 26.80 282.80
Other country centres 127 B'fast 25.90
Lunch 26.50
Dinner 51.60		 26.80 257.80
Table 3: Employee's annual salary - $205,301 and above
Place Accomm.
$		 Food and drink
$
B'fast 33.25
Lunch 47.00
Dinner 65.95		 Incidentals
$		 Total
$
Adelaide 209 146.20 26.80 382
Brisbane 257 146.20 26.80 430
Canberra 246 146.20 26.80 419
Darwin 287 146.20 26.80 460
Hobart 195 146.20 26.80 368
Melbourne 265 146.20 26.80 438
Perth 299 146.20 26.80 472
Sydney 265 146.20 26.80 438
Country centres $195, or the relevant amount in Table 4 if higher 146.20 26.80 Variable - see Table 4 if applicable
Table 4: High cost country centres - accommodation expenses
Country centre $ Country centre $
Albany (WA) 179 Jabiru (NT) 192
Alice Springs (NT) 150 Kalgoorlie (WA) 159
Bordertown (SA) 135 Karratha (WA) 347
Bourke (NSW) 165 Katherine (NT) 134
Bright (VIC) 152 Kingaroy (QLD) 134
Broome (WA) 260 Kununurra (WA) 202
Bunbury (WA) 155 Mackay (QLD) 161
Burnie (TAS) 160 Maitland (NSW) 152
Cairns (QLD) 140 Mount Isa (QLD) 160
Carnarvon (WA) 151 Mudgee (NSW) 135
Castlemaine (VIC) 140 Newcastle (NSW) 155
Chinchilla (QLD) 143 Newman (WA) 195
Christmas Island (WA) 180 Norfolk Island (NSW) 329
Cocos (Keeling) Islands (WA) 285 Northam (WA) 163
Colac (VIC) 138 Orange (NSW) 155
Dalby (QLD) 144 Port Hedland (WA) 295
Dampier (WA) 175 Port Lincoln (SA) 170
Derby (WA) 190 Port Macquarie (NSW) 140
Devonport (TAS) 140 Port Pirie (SA) 140
Emerald (QLD) 156 Queanbeyan (NSW) 133
Esperance (WA) 135 Roma (QLD) 139
Exmouth (WA) 255 Thursday Island (QLD) 200
Geraldton (WA) 175 Wagga Wagga (NSW) 141
Gladstone (QLD) 187 Weipa (QLD) 138
Gold Coast (QLD) 149 Whyalla (SA) 156
Gosford (NSW) 140 Wilpena Pound (SA) 167
Halls Creek (WA) 199 Wollongong (NSW) 136
Hervey Bay (QLD) 157 Wonthaggi (VIC) 138
Horn Island (QLD) 200 Yulara (NT) 280
Table 5: Tier 2 country centres
Country centre Country centre
Albury (NSW) Kadina (SA)
Ararat (VIC) Launceston (TAS)
Armidale (NSW) Lismore (NSW)
Ayr (QLD) Mildura (VIC)
Bairnsdale (VIC) Mount Gambier (SA)
Ballarat (VIC) Muswellbrook (NSW)
Bathurst (NSW) Naracoorte (SA)
Bega (NSW) Nowra (NSW)
Benalla (VIC) Port Augusta (SA)
Bendigo (VIC) Portland (VIC)
Broken Hill (NSW) Queenstown (TAS)
Bundaberg (QLD) Renmark (SA)
Ceduna (SA) Rockhampton (QLD)
Charters Towers (QLD) Sale (VIC)
Coffs Harbour (NSW) Seymour (VIC)
Cooma (NSW) Shepparton (VIC)
Dubbo (NSW) Swan Hill (VIC)
Echuca (VIC) Tamworth (NSW)
Geelong (VIC) Tennant Creek (NT)
Goulburn (NSW) Toowoomba (QLD)
Griffith (NSW) Townsville (QLD)
Gunnedah (NSW) Tumut (NSW)
Hamilton (VIC) Wangaratta (VIC)
Horsham (VIC) Warrnambool (VIC)
Innisfail (QLD)

Reasonable travel allowance expense claims for employee truck drivers

12. Amounts claimed up to the food and drink component only of the reasonable domestic daily travel allowance amounts for 'other country centres' are considered to be reasonable for meal expenses of employee truck drivers who have received a travel allowance and who are required to sleep away from home. For the 2015-16 income year, the relevant amounts are:

Table 6: Employee truck drivers
Food and drink
B'fast
$23.20		 Lunch
$26.50		 Dinner
$45.70
$95.40 per day

Office holders covered by the Remuneration Tribunal


Child Support - Protect Earnings Amount

The weekly PEA is equal to 75% of the maximum fortnightly basic rate of Newstart Allowance for a person who is over 21 years of age, partnered and has no dependent children.

The weekly PEA for 2016 is $354.45. This is the minimum amount that must be available for your employee or contractor after tax and child support is deducted.

Pay cycles Calculation
Daily $354.45 ÷ 7 days = $50.635714
Weekly $50.635714 x 7 days = $354.45
Fortnightly $50.635714 x 14 days = $708.90
Four weekly $50.635714 x 28 days = $1,417.80
Monthly $50.635714 x 30.4375 = $1,541.22

A year is equal to 365.25 days (allowing for the leap year), 30.4375 days in a month is equal to 365.25 divided by 12. Figures are rounded where applicable.

These amounts are effective from 1 January 2016.

Fringe benefits tax rates

The FBT rate changes for the year ending 31 March 2015 onwards.

FBT year FBT rate
Ending 31 March 2014 (and prior years) 46.5%
Ending 31 March 2015 47%
Ending 31 March 2016 and 31 March 2017 49%
Ending 31 March 2018 onwards 47%

Type 1: higher gross-up rate

This rate is used where the benefit provider is entitled to a goods and services tax (GST) credit in respect of the provisions of a benefit.

Because the FBT rate has changed for the year ending 31 March 2015 onwards, the Type 1 gross-up rate has also changed.

FBT year FBT rate Type 1 gross-up rate
Ending 31 March 2014 (and prior years) 46.5% 2.0647
Ending 31 March 2015 47% 2.0802
Ending 31 March 2016 and 31 March 2017 49% 2.1463
Ending 31 March 2018 onwards 47% 2.0802

Type 2: lower gross-up rate

This rate is used if the benefit provider is not entitled to claim GST credits.

Because the FBT rate has changed for the year ending 31 March 2015 onwards, the Type 2 gross-up rate has also changed.

FBT year FBT rate Type 2 gross-up rate
Ending 31 March 2014 (and prior years) 46.5% 1.8692
Ending 31 March 2015 47% 1.8868
Ending 31 March 2016 and 31 March 2017 49% 1.9608
Ending 31 March 2018 onwards 47% 1.8868

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