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17 Jun 10 Medicare Levy and Medicare Levy Surcharge Bill awaits Royal Assent

On 17 June 2010, the Senate passed Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2010 without amendment.

The Bill amends the A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Act 1999 and Medicare Levy Act 1986 to increase the Medicare levy and Medicare levy surcharge low-income threshold amounts for individuals, families and pensioners below pension age; and to increase the phase-in limits as a result of the increased threshold amounts.

The Bill now awaits Royal Assent.


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