The Social Security Rate in Australia stands at 11.50 percent. Social Security Rate in Australia averaged 10.90 percent from 2009 until 2018, reaching an all time high of 11.50 percent in 2016 and a record low of 10.50 percent in 2010. In Australia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Australia because they help to pay for many social programs including welfare, health care and many other benefits. This page provides – Australia Social Security Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.
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