16 May 13 Medicare levy low-income threshold Bill introduced into Parliament
On 15 May 2013, Tax Laws Amendment (Medicare Levy) Bill 2013 was introduced into the House of Representatives.
According to the Explanatory Memorandum, the Bill amends the Medicare Levy Act 1986 to increase the Medicare levy low-income threshold for families and the dependent child-student component of the threshold. This measure applies to the 2012-13 income year and later income years.
The family income threshold for the 2012-13 income year is $33,693. The child-student component of the family income threshold for the 2012-13 income year is $3,094.