Bill
Tax and Superannuation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2016
passed, as at 2016-05-04. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2016-05-02
- second reading — 2016-05-02
- second reading — 2016-05-02
- second reading — 2016-05-02
- third reading — 2016-05-02
- introduced — 2016-05-02
- second reading — 2016-05-02
- second reading — 2016-05-03
- second reading — 2016-05-03
- third reading — 2016-05-03
- passed — 2016-05-03
- royal assent — 2016-05-04
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 2016-05-02.
This bill would raise the income levels below which people do not pay the Medicare levy or surcharge.
It does this by updating thresholds in the Medicare Levy Act 1986 and another Act to match inflation as measured by the consumer price index.
The changes would apply so that people exempt in 2014-15 remain exempt in 2015-16 if their income rose no more than the CPI.
- Raises the low-income thresholds for the Medicare levy for individuals and families.
- Raises the low-income threshold for the Medicare levy surcharge.
- Raises the low-income threshold for seniors and pensioners eligible for the tax offset.
Low-income individuals, families, seniors and pensioners.
Sources
em
billhome
frl act