John Lowenbrau is a 37 year old Australian resident for income tax purposes. John has two children with his spouse, Lara (33 years old) - Craig (aged 3 years) and Troy (aged 1 year old). Laras 2021 taxable income is comprised solely of $12,300 in gross salary she received from part-time employment. On October 15, 2018 John resigned from his position as a Senior Lecturer in Marine Biology at the University of Newcastle, NSW. On leaving the University, John was successful in obtaining employment as a Marine Biologist with the Australian government science organisation (CSIRO) based in Cairns, Queensland. He and his family moved permanently to Cairns to commence his employment on 1 November, 2020. John is also the sole owner of a Sydney rental property that was tenanted for the whole year. Details of Johns receipts and payments for the year ended 30 June 2021 are as follows (all amounts are inclusive of GST where applicable): Receipts Gross Salary - University of Newcastle note 1 $32,750 Gross Salary CSIRO note 2 $88,000 Received Fully Franked Dividend (ASX Listed) $3,500 Received Unfranked Dividend $1,300 Gross Rental Property Income $10,400 Net Interest Income from New Zealand note 3 $1,800 Payments made by John Airfares and accommodation costs relating to the initial job interview with CSIRO $1,860 Annual subscription Australian Marine Biology Society $700 Purchase of equipment note 4 $4,399 Expenses relating to the rental property (all deductible) $17,100 Other amounts all deductible under s8-1 $1,500 Deductible Superannuation Contribution paid to John Superannuation Fund note 5 $3,500 Superannuation Contribution paid to Laras Superannuation Fund note 5 $4,500 Other information: a. John does NOT have private hospital insurance cover for either himself or his family. b. At 30 June 2021 John had a HELP (HECs) debt of $7,200 relating to an Ancient History degree he completed for personal interest purposes in 2018 at the University of NSW. Notes: 1. Johns 2021 Payment Summary from the University of Newcastle also showed the following details: PAYG Tax Deducted $10,000 Reportable Fringe Benefits $3,700 2. Johns 2021 Payment Summary from the CSIRO also showed the following details: PAYG Tax Deducted $28,000 Reportable Fringe Benefits $3,200 Reportable Employer Superannuation Contributions $5,900 3. The NZ gross interest was $2,000 (AUD equivalent) with $200 AUD tax deducted by the NZ taxation authorities. 4. During the year John acquired the following equipment: 1/8/20 Computer $3,200 effective life 5 years (used 80% for business) 1/05/21 Microscope $910 effective life 10 years (used 100% for business) 1/06/21 Binoculars $289 effective life 3 years (used 100% for business) 5. On the 20 June 2021 John paid $3,500 from his after tax salary to his superannuation fund and advised the fund this was a concessional superannuation contribution. On the same day he also paid $4,500 to Laras superannuation fund, on her behalf, and advised her superannuation fund this was not a concessional contribution. The only other concessional contributions received by Johns fund for the year were the Reportable Employer Superannuation Contributions ($5,900) and Superannuation Guarantee contributions from both employers. Required Calculate Johns minimum taxable income and net tax payable/refundable for the year ended 30 June 2021.