Queensland Consolidated ActsSubject to, and in accordance with, the provisions of this Act, there shall be charged, levied and paid for the use of Her Majesty on all taxable wages payroll tax at the following rate of the wages—
(a) for wages paid or payable in the financial year ending 30 June 2002—4.8%;
(b) for wages paid or payable in a later financial year—4.75%.