Medibank publishes sixth annual transparency tax report

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Medibank says it is proud to be a top 100 taxpayer in Australia with its sixth annual tax report showing the company paid $425.2 million in taxation.

The company said it represents an effective tax rate of 30.2 per cent.

"For the past six years, we’ve made the choice to voluntarily publish a tax report that aligns with the Australian Government’s voluntary tax transparency code," said the company, adding it has maintained a commitment to not to profit during the COVID-19 pandemic through a range of measures, including postponing approved premium increases, providing cash give backs, and offering financial hardship assistance.

"We are proud of the contribution we continue to make to Australia’s public finances, and in turn, the nation’s prosperity. Paying our fair share is the right thing to do, and it’s what we’ll continue to do," it said.