Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Australia: Individual income tax and medicare levy bills pass House

Cost of living tax cuts and medicare levy bills pass House of Representatives

February 16, 2024

Legislation that proposes to modify previously legislated income tax changes, in addition to raising the medicare levy threshold for low-income individuals, has passed the House of Representatives.

The Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024 proposes to modify income tax rate thresholds and tax rates for individuals for the 2024-2025 and later income years.

The accompanying Treasury Laws Amendment (Cost of Living—Medicare Levy) Bill 2024 seeks to increase:

  • Medicare levy low-income thresholds for individuals and families (along with the dependent child/student component of the family threshold) in line with movements in the consumer price index (CPI)
  • Medicare levy low-income thresholds for individuals and families eligible for seniors and pensioners tax offset (along with the dependent child/student component of the family threshold), in line with movements in the CPI
  • Surcharge low-income threshold in line with movements in the CPI

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline