Mike Ross is an Australian resident and carries a business in Italy and Australia. Assume that his Italian business profits after conversion are AUD 30,000, and he paid AUD 3000 tax in Italy during the current tax year. Mike also earned $30,000 profit from Australia.

Required:

How much tax is Mike required to pay in Australia? What would happen if his Italian tax payable amount was AUD 9000 and not AUD 3000? This scenario ignores the Medicare levy and middle and low-income tax offset.