Budget Update
The Government handed down the 2017/18 Federal Budget on Tuesday 9th May 2017.
The Budget proposes (among several other changes) to increase the Medicare Levy by 0.5% to 2.5% from 1 July 2019 (and tax and withholding rates that are linked to the highest marginal income tax (e.g., FBT) will also increase from 1 July 2019).
