The proposal involves two options to change the tax treatment of franking credits attached to distributions (otherwise known as imputation credits) from a refundable tax offset to a non-refundable tax offset: 

Option 1: Make franking credits non-refundable for all individuals and superannuation funds. 

The proposal involves two options to change the tax treatment of franking credits attached to distributions (otherwise known as imputation credits) from a refundable tax offset to a non-refundable tax offset: 

Option 1: Make franking credits non-refundable for all individuals and superannuation funds. 

The request sought the financial implications of the 2018-19 Budget measure Personal Income Tax Plan. The information was requested over the period to 2028-29, and disaggregated into the components of the measure which start on 1 July 2018 (Components 1 and 2), 1 July 2022 (Components 3, 4 and 5), and 1 July 2024 (Components 6 and 7).

Component 1 increases the upper threshold for the 32.5 per cent marginal tax rate from $87,000 to $90,000 from 1 July 2018.

The request sought the financial implications of the 2018-19 Budget measure Personal Income Tax Plan. The information was requested over the period to 2028-29, and disaggregated into the components of the measure which start on 1 July 2018 (Components 1 and 2), 1 July 2022 (Components 3, 4 and 5), and 1 July 2024 (Components 6 and 7).

Component 1 increases the upper threshold for the 32.5 per cent marginal tax rate from $87,000 to $90,000 from 1 July 2018.

The request sought the financial implications of the 2018-19 Budget measure Personal Income Tax Plan. The information was requested over the period to 2028-29, and disaggregated into the components of the measure which start on 1 July 2018 (Components 1 and 2), 1 July 2022 (Components 3, 4 and 5), and 1 July 2024 (Components 6 and 7).

Component 1 increases the upper threshold for the 32.5 per cent marginal tax rate from $87,000 to $90,000 from 1 July 2018.

The request sought the financial implications of the 2018-19 Budget measure Personal Income Tax Plan. The information was requested over the period to 2028-29, and disaggregated into the components of the measure which start on 1 July 2018 (Components 1 and 2), 1 July 2022 (Components 3, 4 and 5), and 1 July 2024 (Components 6 and 7).

The request also sought the financial implications of each component by gender.

The request sought the financial implications of the 2018-19 Budget measure Personal Income Tax Plan. The information was requested over the period to 2028-29, and disaggregated into the components of the measure which start on 1 July 2018 (Components 1 and 2), 1 July 2022 (Components 3, 4 and 5), and 1 July 2024 (Components 6 and 7).

The request also sought the financial implications of each component by gender.

The request sought the financial implications of the 2018-19 Budget measure Personal Income Tax Plan. The information was requested over the period to 2028-29, and disaggregated into the components of the measure which start on 1 July 2018 (Components 1 and 2), 1 July 2022 (Components 3, 4 and 5), and 1 July 2024 (Components 6 and 7).

The request also sought the financial implications of each component by gender.

The request sought the number of individuals affected by each stage and component of the 2018-19 Budget measure Personal Income Tax Plan. The request also sought a breakdown of the number of individuals affected by component and by gender. The components of the tax plan are as follows:

Component 1 introduces the Low and Middle Income Tax Offset of up to $530 for individuals with taxable income up to $125,333 for the 2018-19, 2019-20, 2020-21 and 2021-22 financial years.

The request sought the number of individuals affected by each stage and component of the 2018-19 Budget measure Personal Income Tax Plan. The request also sought a breakdown of the number of individuals affected by component and by gender. The components of the tax plan are as follows:

Component 1 introduces the Low and Middle Income Tax Offset of up to $530 for individuals with taxable income up to $125,333 for the 2018-19, 2019-20, 2020-21 and 2021-22 financial years.