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 would require certain companies who received JobKeeper payments while remaining profitable or paying executive bonuses to repay the total of JobKeeper payments received, over a 10-year period.

The proposal would apply to businesses that received JobKeeper payments and had an annual turnover of greater than $50 million and meet one or more of the following criteria:

• The entity made a profit.
• The entity paid a bonus to an executive of an entity.

This policy would take effect from 1 July 2022.

The proposal would require certain companies who received JobKeeper payments while remaining profitable or paying executive bonuses to repay the total of JobKeeper payments received, over a 10-year period.

The proposal would apply to businesses that received JobKeeper payments and had an annual turnover of greater than $50 million and meet one or more of the following criteria:

• The entity made a profit.
• The entity paid a bonus to an executive of an entity.

This policy would take effect from 1 July 2022.

The proposal would require certain companies who received JobKeeper payments while remaining profitable or paying executive bonuses to repay the total of JobKeeper payments received, over a 10-year period.

The proposal would apply to businesses that received JobKeeper payments and had an annual turnover of greater than $50 million and meet one or more of the following criteria:

• The entity made a profit.
• The entity paid a bonus to an executive of an entity.

This policy would take 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: