The proposal has 2 components that would tax the net wealth of Australian residents and non-residents.

For Component 1 and 2, net wealth would be calculated as follows.

This proposal would increase the major bank levy rate from its present level of 0.015% per quarter to 0.05% per quarter.

The proposal would have effect from 1 July 2022.

This proposal would increase the major bank levy rate from its present level of 0.015% per quarter to 0.05% per quarter.

The proposal would have effect from 1 July 2022.

This proposal would increase the major bank levy rate from its present level of 0.015% per quarter to 0.05% per quarter.

The proposal would have effect from 1 July 2022.

This proposal would increase the major bank levy rate from its present level of 0.015% per quarter to 0.05% per quarter.

The proposal would have effect from 1 July 2022.

This proposal would increase the major bank levy rate from its present level of 0.015% per quarter to 0.05% per quarter.

The proposal would have effect from 1 July 2022.

The proposal has 5 components that would modify the Australian personal income tax system.

• Components 1 and 2 would not proceed with Stage 3 of the Personal income tax plan in 2024-25, and would introduce a new tax bracket for those earning more than $1 million from 1 July 2022. 

The personal income tax schedule would be as follows:

The proposal has 5 components that would modify the Australian personal income tax system.

• Components 1 and 2 would not proceed with Stage 3 of the Personal income tax plan in 2024-25, and would introduce a new tax bracket for those earning more than $1 million from 1 July 2022. 

The personal income tax schedule would be as follows:

The proposal has 5 components that would modify the Australian personal income tax system.

• Components 1 and 2 would not proceed with Stage 3 of the Personal income tax plan in 2024-25, and would introduce a new tax bracket for those earning more than $1 million from 1 July 2022. 

The personal income tax schedule would be as follows:

This analysis provides estimates of the material interactions between the Australian Greens’ 2022 election commitments. It should be read in conjunction with the costings for each of the commitments identified as having material interactions.