{"id":"C2004A04613","name":"Taxation (Deficit Reduction) Act (No. 3) 1993","slug":"taxation-deficit-reduction-act-no-3-1993","collection":"act","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"58 of 1993","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":26877,"registerId":"commonwealth-C2004A04613-current","compilationNumber":null,"startDate":"2026-04-01","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Part 1","sectionType":"part","heading":"Preliminary","content":"## Part 1—Preliminary","sortOrder":0},{"sectionNumber":"1","sectionType":"section","heading":"Short title","content":"#### 1 Short title\n\n  This Act may be cited as the Taxation (Deficit Reduction) Act (No. 3) 1993.","sortOrder":1},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"#### 2 Commencement\n\n  (1) This Act (other than Divisions 3 and 4 of Part 2) commences on the day on which it receives the Royal Assent.\n  (2) Division 3 of Part 2 commences on 1 July 1994.","sortOrder":2},{"sectionNumber":"Part 2","sectionType":"part","heading":"Amendment of the Income Tax Rates Act 1986 to give effect to personal tax cuts","content":"An Act to amend the law relating to taxation\n\n## Part 1—Preliminary\n\n#### 1 Short title\n\n  This Act may be cited as the Taxation (Deficit Reduction) Act (No. 3) 1993.\n\n#### 2 Commencement\n\n  (1) This Act (other than Divisions 3 and 4 of Part 2) commences on the day on which it receives the Royal Assent.\n  (2) Division 3 of Part 2 commences on 1 July 1994.\n\n## Part 2—Amendment of the Income Tax Rates Act 1986 to give effect to personal tax cuts\n\n### Division 1—Preliminary\n\n#### 3 Object of Part\n\n  The object of this Part is to implement personal tax cuts.\n\n#### 4 Principal Act\n\n  In this Part, Principal Act means the Income Tax Rates Act 1986.\n\n### Division 2—Tax cuts for 1993‑94\n\n#### 5 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $36,000  | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000  | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000  | 44.125%  |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $36,000      | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000      | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000      | 44.125%  |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1993‑94 year of income.\n\n### Division 3—Tax cuts starting in 1994‑95\n\n#### 6 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $38,000  | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000  | 43%      |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $38,000      | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000      | 43%      |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1994‑95 year of income and of all later years of income.\n  (3) Subsection (2) has effect subject to Division 4.\n\n## Part 3—Repeal of the Tax Legislation Amendment Act 1992\n\n#### 8 Object of Part\n\n  The object of this Part is to repeal the Tax Legislation Amendment Act 1992. That Act, which provided for personal tax cuts, is superseded by the amendments made by this Act.\n\n#### 9 Repeal of the Tax Legislation Amendment Act 1992\n\n  The Tax Legislation Amendment Act 1992 is repealed.\n\n## Part 4—Amendment of the Income Tax Assessment Act 1936\n\n### Division 1—Principal Act\n\n#### 10 Principal Act\n\n  In this Part, Principal Act means the Income Tax Assessment Act 1936.\n\n### Division 2—Amendment to provide for a rebate for low‑income taxpayers\n\n#### 11 Object of Division\n\n  The object of this Division is to provide for a rebate of up to $150 for low‑income taxpayers.\n\n#### 12 Insertion of new section\n\n  After section 159M of the Principal Act the following section is inserted:\n\n159N Rebate for certain low‑income taxpayers\n\n  (1) If a taxpayer’s taxable income of a year of income is less than $24,450, the taxpayer is entitled to a rebate of tax in the taxpayer’s assessment for the year of income.\n  (2) The amount of the rebate is $150, reduced by 4 cents for every $1 of the amount (if any) by which the taxpayer’s taxable income of the year of income exceeds $20,700.\n\n#### 13 Application of amendment\n\n  The amendment made by this Division applies to assessments in respect of income of the 1993‑94 year of income and of all later years of income.","sortOrder":3},{"sectionNumber":"Division 1","sectionType":"division","heading":"Preliminary","content":"An Act to amend the law relating to taxation\n\n## Part 1—Preliminary\n\n#### 1 Short title\n\n  This Act may be cited as the Taxation (Deficit Reduction) Act (No. 3) 1993.\n\n#### 2 Commencement\n\n  (1) This Act (other than Divisions 3 and 4 of Part 2) commences on the day on which it receives the Royal Assent.\n  (2) Division 3 of Part 2 commences on 1 July 1994.\n\n## Part 2—Amendment of the Income Tax Rates Act 1986 to give effect to personal tax cuts\n\n### Division 1—Preliminary\n\n#### 3 Object of Part\n\n  The object of this Part is to implement personal tax cuts.\n\n#### 4 Principal Act\n\n  In this Part, Principal Act means the Income Tax Rates Act 1986.\n\n### Division 2—Tax cuts for 1993‑94\n\n#### 5 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $36,000  | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000  | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000  | 44.125%  |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $36,000      | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000      | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000      | 44.125%  |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1993‑94 year of income.\n\n### Division 3—Tax cuts starting in 1994‑95\n\n#### 6 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $38,000  | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000  | 43%      |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $38,000      | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000      | 43%      |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1994‑95 year of income and of all later years of income.\n  (3) Subsection (2) has effect subject to Division 4.\n\n## Part 3—Repeal of the Tax Legislation Amendment Act 1992\n\n#### 8 Object of Part\n\n  The object of this Part is to repeal the Tax Legislation Amendment Act 1992. That Act, which provided for personal tax cuts, is superseded by the amendments made by this Act.\n\n#### 9 Repeal of the Tax Legislation Amendment Act 1992\n\n  The Tax Legislation Amendment Act 1992 is repealed.\n\n## Part 4—Amendment of the Income Tax Assessment Act 1936\n\n### Division 1—Principal Act\n\n#### 10 Principal Act\n\n  In this Part, Principal Act means the Income Tax Assessment Act 1936.\n\n### Division 2—Amendment to provide for a rebate for low‑income taxpayers\n\n#### 11 Object of Division\n\n  The object of this Division is to provide for a rebate of up to $150 for low‑income taxpayers.\n\n#### 12 Insertion of new section\n\n  After section 159M of the Principal Act the following section is inserted:\n\n159N Rebate for certain low‑income taxpayers\n\n  (1) If a taxpayer’s taxable income of a year of income is less than $24,450, the taxpayer is entitled to a rebate of tax in the taxpayer’s assessment for the year of income.\n  (2) The amount of the rebate is $150, reduced by 4 cents for every $1 of the amount (if any) by which the taxpayer’s taxable income of the year of income exceeds $20,700.\n\n#### 13 Application of amendment\n\n  The amendment made by this Division applies to assessments in respect of income of the 1993‑94 year of income and of all later years of income.","sortOrder":4},{"sectionNumber":"3","sectionType":"section","heading":"Object of Part","content":"#### 3 Object of Part\n\n  The object of this Part is to implement personal tax cuts.","sortOrder":5},{"sectionNumber":"4","sectionType":"section","heading":"Principal Act","content":"#### 4 Principal Act\n\n  In this Part, Principal Act means the Income Tax Rates Act 1986.","sortOrder":6},{"sectionNumber":"Division 2","sectionType":"division","heading":"Tax cuts for 1993‑94","content":"An Act to amend the law relating to taxation\n\n## Part 1—Preliminary\n\n#### 1 Short title\n\n  This Act may be cited as the Taxation (Deficit Reduction) Act (No. 3) 1993.\n\n#### 2 Commencement\n\n  (1) This Act (other than Divisions 3 and 4 of Part 2) commences on the day on which it receives the Royal Assent.\n  (2) Division 3 of Part 2 commences on 1 July 1994.\n\n## Part 2—Amendment of the Income Tax Rates Act 1986 to give effect to personal tax cuts\n\n### Division 1—Preliminary\n\n#### 3 Object of Part\n\n  The object of this Part is to implement personal tax cuts.\n\n#### 4 Principal Act\n\n  In this Part, Principal Act means the Income Tax Rates Act 1986.\n\n### Division 2—Tax cuts for 1993‑94\n\n#### 5 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $36,000  | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000  | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000  | 44.125%  |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $36,000      | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000      | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000      | 44.125%  |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1993‑94 year of income.\n\n### Division 3—Tax cuts starting in 1994‑95\n\n#### 6 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $38,000  | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000  | 43%      |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $38,000      | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000      | 43%      |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1994‑95 year of income and of all later years of income.\n  (3) Subsection (2) has effect subject to Division 4.\n\n## Part 3—Repeal of the Tax Legislation Amendment Act 1992\n\n#### 8 Object of Part\n\n  The object of this Part is to repeal the Tax Legislation Amendment Act 1992. That Act, which provided for personal tax cuts, is superseded by the amendments made by this Act.\n\n#### 9 Repeal of the Tax Legislation Amendment Act 1992\n\n  The Tax Legislation Amendment Act 1992 is repealed.\n\n## Part 4—Amendment of the Income Tax Assessment Act 1936\n\n### Division 1—Principal Act\n\n#### 10 Principal Act\n\n  In this Part, Principal Act means the Income Tax Assessment Act 1936.\n\n### Division 2—Amendment to provide for a rebate for low‑income taxpayers\n\n#### 11 Object of Division\n\n  The object of this Division is to provide for a rebate of up to $150 for low‑income taxpayers.\n\n#### 12 Insertion of new section\n\n  After section 159M of the Principal Act the following section is inserted:\n\n159N Rebate for certain low‑income taxpayers\n\n  (1) If a taxpayer’s taxable income of a year of income is less than $24,450, the taxpayer is entitled to a rebate of tax in the taxpayer’s assessment for the year of income.\n  (2) The amount of the rebate is $150, reduced by 4 cents for every $1 of the amount (if any) by which the taxpayer’s taxable income of the year of income exceeds $20,700.\n\n#### 13 Application of amendment\n\n  The amendment made by this Division applies to assessments in respect of income of the 1993‑94 year of income and of all later years of income.","sortOrder":7},{"sectionNumber":"5","sectionType":"section","heading":"Schedule 7","content":"#### 5 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $36,000  | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000  | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000  | 44.125%  |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $36,000      | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000      | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000      | 44.125%  |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1993‑94 year of income.","sortOrder":8},{"sectionNumber":"Division 3","sectionType":"division","heading":"Tax cuts starting in 1994‑95","content":"An Act to amend the law relating to taxation\n\n## Part 1—Preliminary\n\n#### 1 Short title\n\n  This Act may be cited as the Taxation (Deficit Reduction) Act (No. 3) 1993.\n\n#### 2 Commencement\n\n  (1) This Act (other than Divisions 3 and 4 of Part 2) commences on the day on which it receives the Royal Assent.\n  (2) Division 3 of Part 2 commences on 1 July 1994.\n\n## Part 2—Amendment of the Income Tax Rates Act 1986 to give effect to personal tax cuts\n\n### Division 1—Preliminary\n\n#### 3 Object of Part\n\n  The object of this Part is to implement personal tax cuts.\n\n#### 4 Principal Act\n\n  In this Part, Principal Act means the Income Tax Rates Act 1986.\n\n### Division 2—Tax cuts for 1993‑94\n\n#### 5 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $36,000  | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000  | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000  | 44.125%  |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $36,000      | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000      | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000      | 44.125%  |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1993‑94 year of income.\n\n### Division 3—Tax cuts starting in 1994‑95\n\n#### 6 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $38,000  | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000  | 43%      |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $38,000      | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000      | 43%      |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1994‑95 year of income and of all later years of income.\n  (3) Subsection (2) has effect subject to Division 4.\n\n## Part 3—Repeal of the Tax Legislation Amendment Act 1992\n\n#### 8 Object of Part\n\n  The object of this Part is to repeal the Tax Legislation Amendment Act 1992. That Act, which provided for personal tax cuts, is superseded by the amendments made by this Act.\n\n#### 9 Repeal of the Tax Legislation Amendment Act 1992\n\n  The Tax Legislation Amendment Act 1992 is repealed.\n\n## Part 4—Amendment of the Income Tax Assessment Act 1936\n\n### Division 1—Principal Act\n\n#### 10 Principal Act\n\n  In this Part, Principal Act means the Income Tax Assessment Act 1936.\n\n### Division 2—Amendment to provide for a rebate for low‑income taxpayers\n\n#### 11 Object of Division\n\n  The object of this Division is to provide for a rebate of up to $150 for low‑income taxpayers.\n\n#### 12 Insertion of new section\n\n  After section 159M of the Principal Act the following section is inserted:\n\n159N Rebate for certain low‑income taxpayers\n\n  (1) If a taxpayer’s taxable income of a year of income is less than $24,450, the taxpayer is entitled to a rebate of tax in the taxpayer’s assessment for the year of income.\n  (2) The amount of the rebate is $150, reduced by 4 cents for every $1 of the amount (if any) by which the taxpayer’s taxable income of the year of income exceeds $20,700.\n\n#### 13 Application of amendment\n\n  The amendment made by this Division applies to assessments in respect of income of the 1993‑94 year of income and of all later years of income.","sortOrder":9},{"sectionNumber":"6","sectionType":"section","heading":"Schedule 7","content":"#### 6 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $38,000  | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000  | 43%      |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $38,000      | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000      | 43%      |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1994‑95 year of income and of all later years of income.\n  (3) Subsection (2) has effect subject to Division 4.","sortOrder":10},{"sectionNumber":"Part 3","sectionType":"part","heading":"Repeal of the Tax Legislation Amendment Act 1992","content":"## Part 3—Repeal of the Tax Legislation Amendment Act 1992","sortOrder":11},{"sectionNumber":"8","sectionType":"section","heading":"Object of Part","content":"#### 8 Object of Part\n\n  The object of this Part is to repeal the Tax Legislation Amendment Act 1992. That Act, which provided for personal tax cuts, is superseded by the amendments made by this Act.","sortOrder":12},{"sectionNumber":"9","sectionType":"section","heading":"Repeal of the Tax Legislation Amendment Act 1992","content":"#### 9 Repeal of the Tax Legislation Amendment Act 1992\n\n  The Tax Legislation Amendment Act 1992 is repealed.","sortOrder":13},{"sectionNumber":"Part 4","sectionType":"part","heading":"Amendment of the Income Tax Assessment Act 1936","content":"An Act to amend the law relating to taxation\n\n## Part 1—Preliminary\n\n#### 1 Short title\n\n  This Act may be cited as the Taxation (Deficit Reduction) Act (No. 3) 1993.\n\n#### 2 Commencement\n\n  (1) This Act (other than Divisions 3 and 4 of Part 2) commences on the day on which it receives the Royal Assent.\n  (2) Division 3 of Part 2 commences on 1 July 1994.\n\n## Part 2—Amendment of the Income Tax Rates Act 1986 to give effect to personal tax cuts\n\n### Division 1—Preliminary\n\n#### 3 Object of Part\n\n  The object of this Part is to implement personal tax cuts.\n\n#### 4 Principal Act\n\n  In this Part, Principal Act means the Income Tax Rates Act 1986.\n\n### Division 2—Tax cuts for 1993‑94\n\n#### 5 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $36,000  | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000  | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000  | 44.125%  |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $36,000      | 35.5%    |     |\n| exceeds $36,000 but does not exceed $38,000      | 38.5%    |     |\n| exceeds $38,000 but does not exceed $50,000      | 44.125%  |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1993‑94 year of income.\n\n### Division 3—Tax cuts starting in 1994‑95\n\n#### 6 Schedule 7\n\n  (1) The Principal Act is amended:\n    (a) by omitting the table in Part I of Schedule 7 and substituting the following table:\n\n| Column 1                                     | Column 2 |     |\n| -------------------------------------------- | -------- | --- |\n| Parts of taxable income of resident taxpayer | % rate   |     |\n| The part of taxable income that:             |          |     |\n| exceeds $5,400 but does not exceed $20,700   | 20%      |     |\n| exceeds $20,700 but does not exceed $38,000  | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000  | 43%      |     |\n| exceeds $50,000                              | 47%      | ;   |\n\n    (b) by omitting the table in Part II of Schedule 7 and substituting the following table:\n\n| Column 1                                         | Column 2 |     |\n| ------------------------------------------------ | -------- | --- |\n| Parts of taxable income of non‑resident taxpayer | % rate   |     |\n| The part of taxable income that:                 |          |     |\n| does not exceed $20,700                          | 29%      |     |\n| exceeds $20,700 but does not exceed $38,000      | 34%      |     |\n| exceeds $38,000 but does not exceed $50,000      | 43%      |     |\n| exceeds $50,000                                  | 47%      | .   |\n\n  (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1994‑95 year of income and of all later years of income.\n  (3) Subsection (2) has effect subject to Division 4.\n\n## Part 3—Repeal of the Tax Legislation Amendment Act 1992\n\n#### 8 Object of Part\n\n  The object of this Part is to repeal the Tax Legislation Amendment Act 1992. That Act, which provided for personal tax cuts, is superseded by the amendments made by this Act.\n\n#### 9 Repeal of the Tax Legislation Amendment Act 1992\n\n  The Tax Legislation Amendment Act 1992 is repealed.\n\n## Part 4—Amendment of the Income Tax Assessment Act 1936\n\n### Division 1—Principal Act\n\n#### 10 Principal Act\n\n  In this Part, Principal Act means the Income Tax Assessment Act 1936.\n\n### Division 2—Amendment to provide for a rebate for low‑income taxpayers\n\n#### 11 Object of Division\n\n  The object of this Division is to provide for a rebate of up to $150 for low‑income taxpayers.\n\n#### 12 Insertion of new section\n\n  After section 159M of the Principal Act the following section is inserted:\n\n159N Rebate for certain low‑income taxpayers\n\n  (1) If a taxpayer’s taxable income of a year of income is less than $24,450, the taxpayer is entitled to a rebate of tax in the taxpayer’s assessment for the year of income.\n  (2) The amount of the rebate is $150, reduced by 4 cents for every $1 of the amount (if any) by which the taxpayer’s taxable income of the year of income exceeds $20,700.\n\n#### 13 Application of amendment\n\n  The amendment made by this Division applies to assessments in respect of income of the 1993‑94 year of income and of all later years of income.","sortOrder":14},{"sectionNumber":"10","sectionType":"section","heading":"Principal Act","content":"#### 10 Principal Act\n\n  In this Part, Principal Act means the Income Tax Assessment Act 1936.","sortOrder":16},{"sectionNumber":"11","sectionType":"section","heading":"Object of Division","content":"#### 11 Object of Division\n\n  The object of this Division is to provide for a rebate of up to $150 for low‑income taxpayers.","sortOrder":18},{"sectionNumber":"12","sectionType":"section","heading":"Insertion of new section","content":"#### 12 Insertion of new section\n\n  After section 159M of the Principal Act the following section is inserted:\n\n159N Rebate for certain low‑income taxpayers\n\n  (1) If a taxpayer’s taxable income of a year of income is less than $24,450, the taxpayer is entitled to a rebate of tax in the taxpayer’s assessment for the year of income.\n  (2) The amount of the rebate is $150, reduced by 4 cents for every $1 of the amount (if any) by which the taxpayer’s taxable income of the year of income exceeds $20,700.","sortOrder":19},{"sectionNumber":"13","sectionType":"section","heading":"Application of amendment","content":"#### 13 Application of amendment\n\n  The amendment made by this Division applies to assessments in respect of income of the 1993‑94 year of income and of all later years of income.","sortOrder":20}],"analysis":{"summary":{"complexity_score":4,"scope_assessment":{"changed":false,"description":"The Act delivers precisely what its title and stated objects promise: personal income tax cuts implemented in two stages (1993–94 and 1994–95 onwards), plus a low-income rebate. The repeal of the 1992 Act is a housekeeping measure directly consequential on those same tax cuts. There is no evidence of scope creep beyond the original intent of reducing personal income tax as part of deficit reduction and delivering previously promised tax relief."},"complexity_factors":["Multiple sets of tax rate tables with different application dates create potential for confusion about which rates apply when","Two-stage commencement structure (Royal Assent vs 1 July 1994) requires readers to track which provisions are active at any given time","The Act amends two separate principal Acts (Income Tax Rates Act 1986 and Income Tax Assessment Act 1936), requiring cross-referencing","The low-income rebate involves a phase-out calculation (4 cents per dollar) that requires arithmetic to apply","The document appears to repeat its content multiple times (likely a formatting/rendering issue), which could cause genuine confusion when reading","Reference to a superseded Act (Tax Legislation Amendment Act 1992) requires understanding of the prior legislative landscape","Division 4 of Part 2 is referenced but not reproduced in the provided text, creating an incomplete picture"],"plain_english_summary":"The Act delivered staged personal income tax relief: immediate rate cuts for 1993–94, larger further cuts from 1 July 1994, and a targeted rebate of up to $150 for low‑income earners (phasing out between $20,700 and $24,450). It also repealed an earlier 1992 tax‑cuts law. The changes affected Australian resident and non‑resident taxpayers receiving Australian income and constituted a significant Keating‑era package of tax relief focused on broad rate reductions with extra help for lower earners."},"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"The legislation remains tightly focused on its original purpose of implementing personal tax cuts and a low-income rebate. The scope has not expanded beyond taxation measures, and the repeal of the 1992 Act is directly related to replacing superseded tax cut provisions."},"complexity_factors":["Straightforward amendment structure with only 4 main Parts","Minimal defined terms (only 'Principal Act' defined twice for different Acts)","Simple conditional logic: income thresholds with clear cut-offs","No nested exceptions or complex cross-referencing beyond basic application provisions","Mathematical taper for rebate is simple linear reduction (4 cents per dollar)","Two-stage implementation (1993-94 vs 1994-95) creates some duplication but clear timing","Legislation primarily consists of substituting tables rather than complex operative provisions"],"plain_english_summary":"This legislation delivers personal income tax cuts for Australian taxpayers across two financial years, plus a rebate for low-income earners.\n\n**What it does:**\n\n*   **Tax cuts for 1993-94:** Reduces income tax rates for both Australian residents and non-residents. For residents, the rates drop in several brackets—for example, income between $20,700 and $36,000 is taxed at 35.5% instead of a higher previous rate, and the top rate of 47% now only applies to income over $50,000.\n*   **Further cuts for 1994-95:** From 1 July 1994, rates drop again. The middle tax brackets are simplified and lowered—most notably, the rate for income between $20,700 and $38,000 falls to 34%, and the rate for $38,000 to $50,000 drops to 43%.\n*   **Low-income rebate:** Introduces a new tax rebate (a reduction in tax owed) of up to $150 for people earning less than $24,450. The rebate gradually reduces by 4 cents for every dollar earned over $20,700, meaning someone earning exactly $24,450 gets nothing.\n*   **Repeals old law:** Scraps the Tax Legislation Amendment Act 1992, which had previously provided for different tax cuts that are now replaced by this Act.\n\n**Who it affects:**\n\n*   All Australian individual taxpayers (both residents and non-residents) earning income in the 1993-94 and 1994-95 financial years.\n*   Specifically benefits low-to-middle income earners through both lower rates and the new rebate.\n\n**Why it matters:**\n\nThis was part of the Keating government's \"Deficit Reduction\" strategy—attempting to stimulate the economy and assist households while managing the budget. It represents a significant restructuring of personal income tax brackets in the early 1990s, reducing the tax burden on middle-income Australians and simplifying the rate structure over two stages."},"flash_summary":{"complexity_score":4,"scope_assessment":{"changed":false,"description":"The Act’s stated object is to implement personal tax cuts and to provide a small low‑income rebate (s3; s11). The enacted measures—replacement tax tables, a phased rebate (s12), and repeal of the 1992 Act (s9)—stay within that object. The Act replaces prior measures rather than expanding tax policy scope beyond personal tax cuts and a defined rebate."},"complexity_factors":["Staggered commencement and application dates (commencement: s2; 1993–94 changes: s5(2); 1994–95 changes: s6(2)–(3))","Multiple amended tax tables with differing resident and non‑resident bands and rates (1993–94: s5(1)(a)–(b); 1994–95 onward: s6(1)(a)–(b))","Insertion of a phased rebate with an arithmetic reduction formula (new s159N: s12(1)–(2))","Repeal of earlier legislation that originally provided for tax cuts (s8–9), creating potential interaction issues with prior arrangements","Cross‑references to other Acts identified as the Principal Acts (Income Tax Rates Act 1986: s4; Income Tax Assessment Act 1936: s10), requiring nominal amendments elsewhere","A residual reference that conditions operation on an omitted Division 4 (s6(3)), which may require reading alongside other provisions for full effect","Effect limited to assessments for specified years (s5(2); s6(2); s13), implicating retrospective application for tax‑year administration"],"plain_english_summary":"This Act changes individual income‑tax rules: it replaces the marginal‑rate tables for residents and non‑residents for the 1993–94 year and substitutes different rate bands starting 1 July 1994, inserts a low‑income tax rebate that phases out between $20,700 and $24,450, and repeals the earlier 1992 tax amendment. It alters how the ATO calculates assessments for the stated years and directly affects individual taxpayers’ tax liabilities."},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"}},"importantCases":[],"_links":{"self":"/api/acts/taxation-deficit-reduction-act-no-3-1993","history":"/api/acts/taxation-deficit-reduction-act-no-3-1993/history","analysis":"/api/acts/taxation-deficit-reduction-act-no-3-1993/analysis","conflicts":"/api/acts/taxation-deficit-reduction-act-no-3-1993/conflicts","importantCases":"/api/acts/taxation-deficit-reduction-act-no-3-1993/important-cases","documents":"/api/acts/taxation-deficit-reduction-act-no-3-1993/documents"}}