"Personal wages drawn over 35K p/a will attract more than 30% tax (company tax rate)."
Really?
I 30% rate starts at $35k and goes up to $80k per year.
If a company made net profit of $50k its tax would be $15k.
If an individual made a net of $50k that person's tax would be $9000. Even adding in the medicare levy wouldn't bring it up to that $15k.
