We’re pleased to have published our latest tax report, setting out our tax governance, tax strategy and tax-related payments we made in the 2022 financial year.
Our publication of this report aligns with the Australian Government’s voluntary tax transparency code, designed to promote transparency in the corporate sector in relation to Australia’s tax laws. This is now the 7th year in a row we have chosen to release this report.
In terms of some of the headline facts, Medibank is again a top 100 taxpayer in Australia – paying $385.8 million in taxes and levies to Australian revenue authorities. And with 100% of operations in Australia, we paid tax solely in Australia. We do not engage in tax avoidance schemes or aggressive tax positions, with an effective tax rate of 29.7% during the period.
We are proud of the ongoing contribution that Medibank makes to Australia’s public finances and, as we’ve said before, we remain committed to paying our fair share.