Dividend imputation and franking credits

Summary of proposal
Read more

Dividend imputation and franking credits

Summary of proposal
Read more

Increase to the rate of the Major Bank Levy by 10 percent

Summary of proposal

The proposal would increase the Major Bank Levy from the current level (0.06% per annum, 0.015 per quarter) by 10% to the proposed level (0.066% per annum, 0.0165% per quarter). 

The additional revenue would be used to co-fund community banks. 

The proposal is ongoing with a start date of 1 July 2024.

Read more

Increase to the rate of the Major Bank Levy by 10 percent

Summary of proposal

The proposal would increase the Major Bank Levy from the current level (0.06% per annum, 0.015 per quarter) by 10% to the proposed level (0.066% per annum, 0.0165% per quarter). 

The additional revenue would be used to co-fund community banks. 

The proposal is ongoing with a start date of 1 July 2024.

Read more

Tax

Summary of proposal

This proposal has three options.

Option 1: Personal income tax, company tax, and excise and customs duty

This option has three components:

Read more

Tax

Summary of proposal

This proposal has three options.

Option 1: Personal income tax, company tax, and excise and customs duty

This option has three components:

Read more

Tax

Summary of proposal

This proposal has three options.

Option 1: Personal income tax, company tax, and excise and customs duty

This option has three components:

Read more

Tax

Summary of proposal

This proposal has three options.

Option 1: Personal income tax, company tax, and excise and customs duty

This option has three components:

Read more

Tax

Summary of proposal

This proposal has three options.

Option 1: Personal income tax, company tax, and excise and customs duty

This option has three components:

Read more

Corporate Super Profits Tax

Summary of proposal

This proposal would introduce a new super-profits tax at a rate of 40 per cent that would apply to company profits that exceed an allowance for a corporate equity threshold with effect from 1 July 2022.

Only post company tax Australian sourced profits would be subject to the super-profits tax and the allowance for corporate equity threshold would equal shareholder equity multiplied by 5 per cent plus the long-term bond rate.

Read more