Individual tax threshold is up to A$18200, tax-free; A$18201.00 to A$45000.00 , tax rate 19% you only need pay A$5019.00 =(45000-18200)*0.19 , same the next threshold,
A$45001.00-A$120,000.00 tax rate 32.5%, A$120,000.00 -A$180,000.00 tax rate 37.5%, over A$180,000.00 tax rate is 45%
As a trader, carefully working out your tax credit can help you take less money from pocket to ATO, it is human nature we don't care about the money (tax credit), because it is indirectly paid to ATO by franked dividends.
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