25 May 11 Medicare Levy and Medicare Levy Surcharge Bill passes House without amendment
The Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2011 passed all stages in the House of Representatives, without amendment, on 24 May 2011.
The Bill increases the Medicare levy and Medicare levy surcharge low-income thresholds for individuals and families in line with increases in the Consumer Price Index.
The Bill also increases the Medicare levy low-income threshold for pensioners below age pension age to ensure that these pensioners also do not pay the Medicare levy when they do not have an income tax liability.
The Bill will now proceed to the Senate.
For the text of the Bill go here.
For the Explanatory Memorandum go here.