The Government brought forward 'Stage two' of their Personal Income Tax Plan by two years, so that, from 1 July 2020:
The low-income tax offset increased from $445 to $700.
The top threshold of the 19% tax bracket increased from $37,000 to $45,000: and
The top threshold of the 32.5% tax bracket increased from $90,000 to $120,000
In addition, in 2020/21, low and middle-income earners will receive a one-off additional benefit of up to $1,080.