Bill
Treasury Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2018
passed, as at 2018-06-29. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2018-05-24
- second reading — 2018-05-24
- second reading — 2018-06-18
- second reading — 2018-06-18
- third reading — 2018-06-18
- introduced — 2018-06-18
- second reading — 2018-06-18
- second reading — 2018-06-28
- second reading — 2018-06-28
- third reading — 2018-06-28
- passed — 2018-06-28
- royal assent — 2018-06-29
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 2018-05-24.
The bill would raise the income cut-offs below which certain people do not pay the Medicare levy or the Medicare levy surcharge.
It would update these thresholds in line with consumer price index movements for the 2017-18 income year.
The government says this would keep the same people exempt as in the previous year if their incomes rose no more than inflation.
- The Medicare levy low-income thresholds for individuals, families and the dependent child-student component would increase.
- The Medicare levy low-income thresholds for those eligible for the seniors and pensioners tax offset would also increase.
- The Medicare levy surcharge low-income threshold would increase as well.
Low-income individuals, families, seniors and pensioners.
Sources
em
billhome
frl act