The Medicare Levy Amendment (National Disability Insurance Scheme Funding) Bill 2017 has been introduced into Parliament to implement the Government's 2017–2018 Budget announcement to increase the Medicare levy by 0.5% to 2.5% from 1 July 2019 in order to help finance the National Disability Insurance Scheme (NDIS). Nine other Bills have been introduced to increase the following rates that are linked to the top personal tax rate:
  • the FBT rate for the 2019–2020 and later FBT years will be 47.5%;
  • the Medicare levy component of the rate of income tax on no-TFN contributions income will be 2.5% for the 2019–2020 and later income years;
  • the superannuation excess non-concessional contributions tax rate will be 47.5% for the 2019–2020 and later financial years;
  • the Medicare levy component of the superannuation excess untaxed roll-over amounts, and the Medicare levy component of the income tax (TFN withholding tax (ESS)) tax rate will be 2.5% for the 2019–2020 and later income years;
  • the family trust distribution tax rate will be 47.5% for the 2019–2020 and later income years;
  • the trustee beneficiary non-disclosure tax rate will be 47.5% for the 2019–2020 and later income years;
  • the untainting tax rate will be 48.5% for the 2019–2020 and later income years.