Parameter Tables (Tax terminology)

The parameter tables are used in estimate calculations for resident and non-resident individuals, minors and trustees. The following links shows where in the parameter tables you can find the rates, offsets, thresholds, percentages and so on.

Resident Tax Rates

• General Tax Rates and Income Thresholds, resident and non-resident individuals, and resident and non-resident minors under Div 6AA.

• Dependant Offset Details - Offset, ATI and Reduction percentage for:

• Spouse,

• Child/housekeeper, Housekeeper,

• Notional Dependants

• Other

• Income Test Thresholds - Dependency offsets, employee share schemes, Commercial business losses thresholds.

• Senior and pensioner Offset (SAPTO) - The categories of Pensioner Offset codes.
  The Properties option for each code provides the Offset information and combined taxable income.

• Low Age Government Pensioners Offsets - The categories of Low Age Government Pensioners Offset codes.

• Zone Offsets - Amounts and Offsets for Zone and Overseas forces:

• Special and Ordinary Zone A

• Special and Ordinary Zone B

• Remote area allowance

• Overseas Forces

• Other Offsets tab - Tabs provide the details of offsets, thresholds and reduction rates for:

• Government Co-contributions, Super contributions for spouse2017, Low Income Earners, and Medical Expenses;

• Private Health insurance income ceilings and maximum tax offsets;

• Other offsets rates for life assurance and friendly society bonuses, and infrastructure borrowing.

• ETP and Lump Sum Offsets - Tabs are provided for:

• ETP

• ETP Death Benefit Payments to Dependants and Non-dependants

• Taxable Component of Lump Sum

• Super Death Benefits to Dependants and Non-dependants

• SIS Taxable Components

• SIS Death Benefits to Dependants

• HECS-HELP and SFSS - Income ceiling and percentage of repayment of loans for:

• HECS - HELP repayment rates, and

• Student Supplement Loans (SFSS) repayment thresholds and rates

• Medicare Levy:

• Medicare and Surcharge levy rates and thresholds

• Low Income Thresholds for single and married taxpayers and Phase in limits, and additional child increments.

• SAPTO thresholds

• Levy Surcharge Thresholds

For non-residents, the only rebate rate applicable is for ETP and Lump Sum Offsets.