Bill
Treasury Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2017
passed, as at 2017-06-22. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2017-05-24
- second reading — 2017-05-24
- second reading — 2017-06-14
- second reading — 2017-06-15
- second reading — 2017-06-15
- third reading — 2017-06-15
- introduced — 2017-06-15
- second reading — 2017-06-15
- second reading — 2017-06-15
- third reading — 2017-06-15
- passed — 2017-06-15
- royal assent — 2017-06-22
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 2017-05-24.
This bill updates several income cut-offs for the Medicare levy and the Medicare levy surcharge.
The thresholds for low-income earners, including families and those eligible for the seniors and pensioners tax offset, would be raised to match inflation as measured by the consumer price index.
The aim is to keep the same people exempt from the levy in 2016-17 as were exempt in 2015-16, provided their incomes grew no faster than inflation.
- Raises the low-income thresholds for the Medicare levy for individuals and families.
- Raises the low-income threshold for the Medicare levy for those eligible for the seniors and pensioners tax offset.
- Raises the low-income threshold for the Medicare levy surcharge.
Low-income individuals, families, seniors, and pensioners who are exempt from the Medicare levy.
Sources
em
billhome
frl act