Statement of formula rates and thresholds

From 1 July 2024, the cents per kilometre rate for calculating motor vehicle expenses is 88 cents per kilometre. This change will apply for the 2024–25 income year. 

All updates to tax tables and withholding schedules, including Schedule 1 – Statement of formulas for calculating amounts to be withheld (NAT 1004) and Schedule 8 – Statement of formulas for calculating study and training support loans components (NAT 3539), will be published fr

The Protected Earnings Amount (PEA) is the part of an employee’s or contractor’s wages that are exempt from child support deductions. The PEA doesn’t apply to garnishee notices requesting deductions under section 72A of the Child Support (Registration and Collection) Act 1988.