Senate debates

Thursday, 24 November 2016


Income Tax Rates Amendment (Working Holiday Maker Reform) Bill 2016, Treasury Laws Amendment (Working Holiday Maker Reform) Bill 2016, Superannuation (Departing Australia Superannuation Payments Tax) Amendment Bill 2016; In Committee

12:48 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I thank Senator Macdonald for that question and for the opportunity to clarify the actual situation in relation to this. The reality is that a starting tax rate—that is, a tax from the first dollar earned for foreign residents working in Australia—has been in place in Australia since 1983-84. At the time, the initial tax rate was 29 per cent. It was the—


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