Bill
Customs Tariff Amendment (Cost of Living Support) Bill 2022
passed, as at 2022-03-31. Home Affairs portfolio.
- Sponsor
- Not recorded
- Portfolio
- Home Affairs
Recorded stages
- introduced — 2022-03-30
- second reading — 2022-03-30
- second reading — 2022-03-30
- second reading — 2022-03-30
- third reading — 2022-03-30
- introduced — 2022-03-30
- second reading — 2022-03-30
- second reading — 2022-03-30
- second reading — 2022-03-30
- third reading — 2022-03-30
- passed — 2022-03-30
- royal assent — 2022-03-31
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 2022-03-30.
This bill is part of a package that would raise the thresholds at which people start paying the Medicare levy and surcharge.
The thresholds would be increased in line with movements in the consumer price index (CPI).
The changes would apply from the 2021–22 income year and are estimated to reduce government revenue by $90 million over the forward estimates.
- Raises the Medicare levy low-income thresholds for individuals, families and those eligible for the seniors and pensioners tax offset (SAPTO).
- Raises the Medicare levy surcharge low-income threshold.
- Aligns the threshold increases with CPI movements.
Individuals and families whose incomes are below the new thresholds, particularly those eligible for SAPTO.
Sources
em
billhome
frl act