Tax Laws Amendment (Medicare Levy Surcharge Thresholds) Bill (No. 2) 2008

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 42

Summary

Amends the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999 and Medicare Levy Act 1986 to increase the Medicare levy surcharge threshold to $75,000 for individuals (with annual indexation) and to $150,000 for families (to be twice the individual rate in future years). Also provides for transitional arrangements so that individuals who obtain private health cover before 1 January 2009 avoid the surcharge for the period 1 July to 31 December 2008.

Progress

House of Representatives
Introduced and read a first time	25 Sep 2008
Second reading moved	25 Sep 2008
Second reading agreed to	13 Oct 2008
Third reading agreed to	13 Oct 2008

Senate
Introduced and read a first time	14 Oct 2008
Second reading moved	14 Oct 2008
Second reading debate	15 Oct 2008
Second reading agreed to	15 Oct 2008
Committee of the Whole debate	15 Oct 2008
Committee of the Whole debate Amendment details: 6 Australian Greens/Independent (Xenophon) and 1 Australian Greens agreed to	16 Oct 2008
Third reading agreed to	16 Oct 2008

House of Representatives
Consideration of Senate message Details: House agreed to Senate amendments	16 Oct 2008


Text of bill as passed both Houses	16 Oct 2008
Assent Act no.: 110 Year: 2008	31 Oct 2008

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

Senate

Australian Greens [sheet 5606 revised]
SIEWERT, Sen Rachel

Australian Greens/Independent [sheet 5625]
SIEWERT, Sen Rachel
XENOPHON, Sen Nick

Independent [sheet 5616]
XENOPHON, Sen Nick

Schedules of amendments

Schedule of the amendments made by the Senate

Bills digest

Bills Digest

Notes

An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

Senate

House of Representatives

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