13 May 088 Increasing the Medicare levy low income thresholdsThe Government will increase the Medicare levy low income thresholds to $17,309 for individuals and $29,207 for individuals who are in families, with effect from 1 July 2007.
The additional amount of threshold for each dependent child or student will also increase to $2,682. 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 $22,922, with effect from 1 July 2007. 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 a copy of the Treasurer's media release, No 2008/38, 13 May 2008, go here