In forceAmending Act
Treasury Laws Amendment (Cost of Living—Medicare Levy) Act 2024
Act No. 4 of 2024 · Assented 5 March 2024
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In brief
Raises the income thresholds below which people pay no Medicare levy — the individual threshold from $24,276 to $26,000 and the family threshold from $40,939 to $43,846 — starting with the 2023-24 income year.
Who's affected
- Low-income earners
- Families on lower incomes
- People paying the Medicare levy surcharge
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