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If he's making 45k pa from the investments he should be on the PAYG instalment system already... Eitherway, annual tax bill on that income with no deductions is just over 7k pa or 16%. If it were any more than 16% you would want to look at the tax effective options involving super.

With the given information, the tax will be $7,275 for 09/10 and yes he will have to go on the PAYG instalment system.