Revision question $1$ Income tax accounting

Change in tax rates

At $30$ June $2023,$ Blue Heeler Ltd recognised a deferred tax asset of $$12000$ and a deferred tax liability of $$15000.$ This has resulted by applying a tax rate of $30\%.$ The Australian government has determined to raise more revenue from companies by way of taxation. It announced that it will increase the tax rate as of $1$ July $2023$ to $35\%.$ In its deferred tax worksheet for the year ending $30$ June $2024,$ Blue Heeler Ltd calculated that its taxable temporary differences were $$6000$ and its deductible temporary differences were $$12000.$

Required

Prepare a report for the chief accountant on how the increase in the tax rate will affect the application of tax$-$effect accounting for the year ended $30$ June $2024.($LO$6)$