Media Release 29 April 2015

Media release 29 April 2015 UNDER EMBARGO until 12:01 AM, WEDNESDAY 29 APRIL 2015 Australia’s highest earners revealed Australia’s most charitable people, highest earners and richest postcodes have been revealed with the ATO releasing Taxation statistics 2012-13. ATO Second Commissioner Andrew Mills said that the latest report shows that the postcode with the highest mean taxable income of $177,514 in 2012-13 was 2027, which includes the Sydney suburbs of Darling Point, Edgecliff, HMAS Rushcutters and Point Piper. Surgeons once again topped the list of occupations with the highest mean income, earning on average $361,202. The most charitable region in 2012-13 was the Australian Capital Territory, with just over 100,000 people claiming $62,707,20. This was an average donation of $261 per ACT resident that lodged a tax return in 2012-13. “Compiling Tax Stats is a significant undertaking each year,” Mr Mills said. “It adds to our picture of the Australian community, showing the spread of taxable income across the country, sources of income and data about business and work-related expenses.” “We make the data available for researchers and the broader community to improve the understanding of Australia's taxation and superannuation systems and how they operate within the broader environment,” he said. Taxation statistics 2012-13 presents an overview of 2013 income tax returns for individuals, companies, superannuation funds, partnerships and trusts. The statistics also cover other aspects of the taxation system such as the goods and services tax (GST) and excise systems, fringe benefits tax (FBT), pay as you go (PAYG) and the superannuation system, in relation to the 2013–14 financial year. Previous editions of Taxation statistics are available at: www.ato.gov.au/About- ATO/Research-and-statistics/Previous-years/Tax-statistics/ UNCLASSIFIED │ EXTERNAL ATO Media Unit | [email protected] | 02 6216 1901 | 0401 147 127 Media release Top 10 national postcodes: Taxable income Mean Taxable Postcode State Suburb name or loss Income or loss no. of individuals $ DARLING POINT, EDGECLIFF, HMAS RUSHCUTTERS, 2027 NSW 5,980 177,514 POINT PIPER 3761 VIC ST ANDREWS 655 148,967 2023 NSW BELLEVUE HILL 6,945 143,112 6011 WA COTTESLOE, PEPPERMINT GROVE 6,610 142,504 3142 VIC HAWKSBURN, TOORAK 10,100 142,000 DOVER HEIGHTS, HMAS WATSON, ROSE BAY NORTH, 2030 NSW 9,610 139,099 VAUCLUSE, WATSONS BAY 3944 VIC PORTSEA 400 138,800 2088 NSW MOSMAN, SPIT JUNCTION 19,200 137,647 2110 NSW HUNTERS HILL, WOOLWICH 5,880 132,557 2063 NSW NORTHBRIDGE 4,180 130,801 See below pages for additional statistics. UNCLASSIFIED │ EXTERNAL Page 2 of 4 Media release Bottom 10 postcodes: Taxable income Mean taxable Postcode State Suburb name or loss income or loss no. of individuals $ 2403 NSW DELUNGRA, GRAGIN, MYALL CREEK 350 21,691 2359 NSW ABERDEEN, BAKERS CREEK, BUNDARRA 375 24,742 ASHFORD, ATHOLWOOD, BONSHAW, LIMESTONE, 2361 NSW 375 25,431 PINDAROI BANGHEET, BINGARA, GINEROI, KEERA, DINOGA, 2404 NSW 840 27,013 ELCOMBE, UPPER BINGARA, PALLAL, RIVERVIEW TIRI, CUNDLE FLAT, COOPLACURRIPA, CELLS RIVER, 2424 NSW CAFFREYS FLAT, NUMBER ONE, MOUNT GEORGE, 210 27,537 KNORRIT FOREST, KNORRIT FLAT ABBEYWOOD, MELROSE, OKEDEN, PROSTON, 4613 QLD SPEEDWELL, BOONDOOMA, BRIGOODA, COVERTY, 315 27,547 KINLEYMORE, STALWORTH 3637 VIC WAAIA, YALCA 290 27,627 BEERON, BOYNEWOOD, BROVINIA, CATTLE CREEK, COONAMBULA, DERRI DERRA, DYKEHEAD, GLENRAE, 4626 QLD GURGEENA, HAWKWOOD, MONOGORILBY, MUNDOWRAN, 1,290 27,891 MUNDUBBERA, O'BIL BIL, OLD COORANGA, PHILPOTT, RIVERLEIGH 2842 NSW MOLLYAN, MENDOORAN, YARRAGRIN 285 28,110 CAPOOMPETA, DEEPWATER, EMMAVILLE, ROCKY CREEK, 2371 NSW STANNUM, TORRINGTON, WELLINGTON VALE, YELLOW 525 28,252 DAM UNCLASSIFIED │ EXTERNAL Page 3 of 4 Media release Top 10 occupations: Individuals Mean taxable income Occupation Code no. $ 2535 Surgeons 3,570 361,202 2532 Anaesthetists 3,015 319,033 2533 Internal Medicine Specialists 7,525 263,601 2222 Financial Dealers 5,090 219,213 2712 Judicial and Other Legal Professionals 2,645 192,189 2534 Psychiatrists 2,610 186,778 2336 Mining Engineers 9,595 166,410 2539 Other Medical Practitioners 30,455 166,025 1111 Chief Executives and Managing Directors 146,355 152,364 2531 Generalist Medical Practitioners 23,430 144,498 Gift and donation deductions by state No. of Mean - Gift and individuals Mean- Gifts and donations who Gift and donations All For individuals who State claimed gift donations For All individuals claimed gift and and $ individuals donations deductions donations $ $ deductions ACT 240,400 109,121 $62,707,202 $261 $575 NSW 4,008,300 1,449,669 $885,324,009 $221 $611 VIC 3,173,585 1,232,191 $601,755,732 $190 $488 SA 907,755 302,430 $141,589,158 $156 $468 WA 1,447,995 460,822 $218,071,554 $151 $473 TAS 267,045 93,431 $38,852,038 $145 $416 QLD 2,558,515 857,786 $329,151,651 $129 $384 NT 121,630 40,043 $13,773,671 $113 $344 Unknown 50,910 3,318 $1,465,546 $29 $442 Total 12,776,135 4,548,811 $2,292,690,561 $179 $504 UNCLASSIFIED │ EXTERNAL Page 4 of 4 .

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