Federal Member for Chifley, Ed Husic has welcomed news from this week’s Federal Budget that low-income Australians will remain exempt from the Medicare levy by increasing the low-income threshold.
“This is a genuine effort by the Gillard Government as part of a range of measures to tackle cost of living pressures, particularly on those experiencing the greatest financial hardship” Mr Husic said.
“Increasing this threshold will help ensure that the Medicare levy does not add to those cost pressures for individuals, families and pensioners.”
From the 2010-11 income year, the Medicare levy low-income threshold will increase to $31,789 (up from $31,196) for couples, and to $18,839 (up from 18,488) for singles.
For families, the additional amount of threshold for each dependant child or student will also be increased to $2,919 (up from $2,865).
From 1 July 2010, the threshold will rise to $30,439 (up from $27,697) for pensioners below Pension Age.
The increase in threshold generally takes into account movements in the Consumer Price Index.
“This shows how serious the Government is in looking after low-income Australians, while at the same time making sure we return the budget to surplus” Mr Husic said.