The current exemption threshold is $1,000,000. The deduction for payroll tax liability is based on the exemption threshold. The deduction reduces by $1 for every $4 of taxable wages over the exemption threshold of $1,000,000.
The table below represents the exemption and deduction thresholds for the 2003–2010 financial years.
| Financial year | Exemption change in mid-year? |
Period (day. |
Tax rate | Exemption threshold | Range for deduction | |||
|---|---|---|---|---|---|---|---|---|
| weekly | monthly | yearly | monthly | yearly | ||||
| 2009–10 | No | 1.7.09 to 30.6.10 |
4.75% | $19,230 | $83,333 | $1,000,000 | $83,333 to $416,666 |
$1,000,000 to $5,000,000 |
| 2008–09 | No | 1.7.08 to 30.6.09 |
4.75% | $19,230 | $83,333 | $1,000,000 | $83,333 to $416,666 |
$1,000,000 to $5,000,000 |
| 2007–08 | No | 1.7.07 to 30.6.08 |
4.75% | $19,230 | $83,333 | $1,000,000 | $83,333 to $333,333 |
$1,000,000 to $4,000,000 |
| 2006–07 | No | 1.7.06 to 30.6.07 |
4.75% | $19,230 | $83,333 | $1,000,000 | $83,333 to $333,333 |
$1,000,000 to $4,000,000 |
| 2005–06 | No | 1.7.05 to 30.6.06 |
4.75% | $16,346 | $70,833 | $850,000 | $70,833 to $283,333 |
$850,000 to $3,400,000 |
| 2004–05 | No | 1.7.04 to 30.6.05 |
4.75% | $16,346 | $70,833 | $850,000 | $70,833 to $283,333 |
$850,000 to $3,400,000 |
| 2003–04 | No | 1.7.03 to 30.6.04 |
4.75% | $16,346 | $70,833 | $850,000 | $70,833 to $283,333 |
$850,000 to $3,400,000 |