Treasury Laws Amendment (Cost of Living—Medicare Levy) Bill 2024

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
47

Track (What's this?)

Permalink

Summary

Introduced with the Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024, the bill amends the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999 and Medicare Levy Act 1986 to: increase the Medicare levy and Medicare levy surcharge low-income threshold amounts for individuals, families and individual taxpayers and families eligible for the seniors and pensioners tax offset; and increase the phase-in limits as a result of the increased threshold amounts.

Progress

House of Representatives
Introduced and read a first time 06 Feb 2024
Second reading moved 06 Feb 2024
Second reading debate 07 Feb 2024
Second reading debate 08 Feb 2024
Second reading debate 12 Feb 2024
Second reading debate 13 Feb 2024
Second reading debate 14 Feb 2024
Second reading agreed to 15 Feb 2024
Third reading agreed to 15 Feb 2024
Senate
Introduced and read a first time 26 Feb 2024
Second reading moved 26 Feb 2024
Second reading debate 26 Feb 2024
Second reading debate 27 Feb 2024
Second reading agreed to 27 Feb 2024
Committee of the Whole debate 27 Feb 2024
Third reading agreed to 27 Feb 2024
Finally passed both Houses 27 Feb 2024
Assent
  • Act no: 4
  • Year: 2024
05 Mar 2024

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

Notes

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.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

Aboriginal and Torres Strait Islander people are advised that this website may contain images and voices of deceased people.