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On 22 May 2012, Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2012 was passed by the House of Representatives 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 increase the phase-in limits as a result of the increased threshold amounts. The Bill also makes consequential amendments to the Clean Energy (Tax Laws Amendments) Act 2011.

The Bill now proceeds to the Senate.


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