**$190,000.**

For an Australian resident individual in the 2025-26 financial year, the top marginal rate of 45 per cent applies to taxable income exceeding $190,000. The resident brackets for 2025-26 are:

- $0 - $18,200: nil
- $18,201 - $45,000: 16%
- $45,001 - $135,000: 30%
- $135,001 - $190,000: 37%
- over $190,000: 45%

So the top bracket starts at taxable income above $190,000 (45c for each dollar over $190,000). The 2 per cent Medicare levy is separate and not included in this figure.

**Controlling authority:** the *Income Tax Rates Act 1986* (Cth) - specifically Schedule 7 - is the Commonwealth statute that sets the resident individual income tax rates (as amended by the revised Stage 3 changes in the Treasury Laws Amendment (Cost of Living Tax Cuts) Act 2024, effective from 1 July 2024 and unchanged for 2025-26). The Australian Taxation Office administers the rates but does not set them.