Senate debates

Wednesday, 3 April 2019

Bills

Treasury Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2019; Second Reading

4:34 pm

Photo of Richard ColbeckRichard Colbeck (Tasmania, Liberal Party, Assistant Minister for Agriculture and Water Resources) Share this | Hansard source

Firstly, I think I'd like to thank those who have contributed to the debate! Thank you, Senator Cameron! The Treasury Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2019 amends the Medicare Levy Act 1986 and the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999 to increase the Medicare levy low-income thresholds for singles, families, seniors and pensioners in line with increases in the consumer price index. This will ensure that the low-income thresholds keep pace with the increases in the cost of living. The amendments to the Medicare levy low-income thresholds apply to the 2018-19 year of income and future income years. Full details of the measures in this bill are contained in the explanatory memorandum. I commend the bill to the Senate.

Question agreed to.

Bill read a second time.

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