Commonwealth Numbered Acts

INCOME TAX (COMPANIES, CORPORATE UNIT TRUSTS AND SUPERANNUATION FUNDS) ACT 1984 No. 100 of 1984 - SECT 6

6. (1) The rates of tax payable by a company, other than a company in the
capacity of a trustee, are as set out in the following provisions of this
section.

(2) The rate of tax in respect of the taxable income of a company not being-

   (a)  a private company; or

   (b)  a registered organization, is 46%.

(3) In the case of a company that is a private company, the rates of tax are-

   (a)  in respect of the taxable income-46%; and

   (b)  in respect of the undistributed amount in respect of which the company
        is liable under section 104 of the Assessment Act to pay additional
        tax-50%.

(4) The rate of tax in respect of the taxable income of a company that is a
registered organization is 20%.

(5) Where the taxable income of a non-profit company, not being a registered
organization, does not exceed $2,542, the amount of tax payable by the company
shall not exceed 55% of the amount by which the taxable income exceeds $416
less any rebate or credit to which the company is entitled.