Glossary beginning with M

Click one of the letters above to go to the page of all terms beginning with that letter.
Maximum contribution base search for term

A limit to the amount of superannuation contributions that an employer is required to provide for an employee.

Medicare levy search for term

An amount payable by most taxpayers to cover some of the cost of the public health system.

Medicare levy surcharge search for term

An extra amount payable by some taxpayers in addition to the Medicare levy. A taxpayer may have to pay the surcharge if they do not have the appropriate level of private hospital cover with a health fund and their Medicare levy surcharge income exceeds the threshold.

MyTax search for term
MyTax is the quick, easy, safe and secure way to lodge online. It's web-based, so you don't need to download anything and you can lodge your tax return on any device - computer, smartphone or tablet.
  • Fact 16

    The monetary cost of World War II was ten times the cost of World War I. Raising revenue via taxation became a vital part of Australia’s war effort.

Superannuation / super guarantee charge

A charge that employers have to pay to the ATO when they either pay super for their employees late or they don’t pay at all.

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