Carbon price and financial reporting
Directors, chief executive officers (CEOs) and chief financial officers (CFOs) will need to consider a variety of financial reporting implications that arise from Securing a Clean Energy Future – The Australian Government’s Climate Change Plan. The fixed carbon price period of three years, colloquially referred to as the carbon tax, will transition to an emissions trading scheme in.. read more →
Changes to Tax Rates
These rates apply to individuals who are Australian residents for tax purposes. Tax rates 2011-12 The following rates for 2011-12 apply from 1 July 2011 . Taxable income Tax on this income 0 – $6,000 Nil $6,001 – $37,000 15c for each $1 over $6,000 $37,001 – $80,000 $4,650 plus 30c for each $1 over.. read more →