The Private Health Insurance Amendment Bill (No 1) 2014 has now passed all stages without amendment after being passed by the Senate on Tue 18.11.2014. It effectively awaits Royal Assent. The Bill implements a 2014 Budget announcement to pause the income thresholds which determine the tiers for the Medicare levy surcharge and the Australian Government Rebate on private health insurance at 2014-15 rates for 3 years, with effect from 1 July 2015.
[LTN 223, 18/11/14]