12 May 099 Increase in the Medicare levy low-income thresholdsThe Government will increase the Medicare levy low income thresholds to $17,794 for individuals and $30,025 for individuals in families, with effect from 1 July 2008. This measure has an ongoing cost to revenue which is estimated to be $205.0 million over the forward estimates period.
The additional amount of threshold for each dependent child or student will also increase to $2,757. The increase in these thresholds takes into account movements in the Consumer Price Index and ensures that low income families and individuals are not liable to pay the Medicare levy.
The Government will also increase the Medicare levy threshold for pensioners below Age Pension age to $25,299, with effect from 1 July 2008. This increase will ensure that pensioners below Age Pension age do not pay the Medicare levy when they do not have an income tax liability.
For more information, see the Assistant Treasurer's media release, No 2009/45, 12 May 2009