Changes made by the Treasury Laws Amendment (Medicare Levy and Medicare Surcharge) Bill 2017 have increased the following thresholds, in line with movements in the consumer price index (CPI):
- The Medicare levy low-income thresholds for individuals and families (along with the dependent child/student component of the family threshold).
In particular, the low-income threshold for individuals for the 2017 income year is $21,655;
- The Medicare levy low-income threshold for individuals and families eligible for the seniors and pensioners tax offset (SAPTO) (along with the dependent child/support component of the family threshold).
The income threshold for individual taxpayers for the SAPTO for the 2017 income year is $34,244, and the income threshold for families eligible for the SAPTO for the 2017 income year is $47,670; and
- The Medicare levy surcharge low-income threshold.