Original Published Date:
- Statement of formula / rates and thresholds
Legislation for the Federal Budget tax cuts has been passed by Parliament. Updated schedules and tax tables that apply from 1 July 2018 have been published at ato.gov.au/tax tables
We have also published the formulas for higher education loan repayments.
The Budget Savings (Omnibus) Bill 2016 introduced a new lower minimum repayment rate and threshold for all HELP debts from 1 July 2018.