Bill
Tax and Superannuation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2015
passed, as at 2015-06-25. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2015-05-27
- second reading — 2015-05-27
- second reading — 2015-06-04
- second reading — 2015-06-04
- third reading — 2015-06-04
- introduced — 2015-06-15
- second reading — 2015-06-15
- second reading — 2015-06-18
- second reading — 2015-06-18
- committee — 2015-06-18
- third reading — 2015-06-18
- passed — 2015-06-18
- royal assent — 2015-06-25
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2015-05-27.
The bill would raise several income thresholds that determine whether someone pays the Medicare levy, Medicare levy surcharge, or both.
It would increase the low-income threshold for individuals, families, and for single seniors and pensioners who qualify for a tax offset, matching changes in the consumer price index for the 2014-15 income year.
The changes would keep people who were exempt from the levy in 2013-14 exempt in 2014-15 if their income rose at or below the CPI.
- Increases the Medicare levy low-income thresholds for individuals, families and the dependent child component.
- Increases the Medicare levy low-income threshold for single seniors and pensioners eligible for the tax offset.
- Increases the Medicare levy surcharge low-income threshold.
Low-income individuals, families, seniors and pensioners.
Sources
em
billhome
frl act