Relationships
Effective tax rate
Our effective tax rate on Underlying Profit for FY26 is broadly in line with the Australian corporate tax rate of 30% before prior year adjustments and the research and development concession.
FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
Effective tax rate | 23.2% | 26.7% | 30.5% | 27.9% | 29.0% |
Effective tax rate refers to underlying income tax expense expressed as a percentage of Underlying Profit. |