House of Representatives

Second Reading Speech

This Bill will amend the Medicare Levy Act 1986 to increase the Medicare levy low income thresholds for families in line with increases in the consumer price index. These changes will ensure that low-income families that were exempt from the Medicare levy in the 2011-12 income year will continue to be exempt when their incomes have risen in line with or less than the consumer price index. All other thresholds have been increased under changes made as a result of the Clean Energy Household Package.

The increase in thresholds will apply to the 2012-13 year and future income years.

Full details of the measure in this Bill are contained in the explanatory memorandum.