ITR – Adjustments – ATO

   Adjustments

A1 – Under 18 

1. When Tax Payer is Less than 18 Years old on 30 June of FY End

2. Under 18 may be taxed at a higher tax rate 

A2 Part-year tax-free threshold

1. During FY, Become an Australian resident for tax purposes, or Stop being an Australian resident for tax purposes

2. Receive any Australian Government pension or allowance which was mention Under Label 5 & 6

A3 Government super contributions

1. Super co-contribution

2. Low-income super tax offset

A4 Working holiday maker net income

When Tax Payer on 417 or 462 working holiday visas at any time during the FY

A5 Amount on which family trust distribution tax has been paid

Family trust distribution tax is payable by Trust, partnership or company on any distribution made to a person outside a family group.

Family trust distribution tax is payable includes on:

1. Income and property from a trust or partnership.

2. Dividends and property from a company.

3. Use of property owned by the trust, partnership or company.