The Private Health Insurance Amendment Bill (No 1) 2014 was introduced in the House of Reps on Wed 24.9.2014. It proposes to implement 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. The Bill would amend the Private Health Insurance Act 2007 to set income thresholds for the income tiers at the 2014-15 rates in the financial years 2015-16, 2016-17 and 2017-18.
[LTN 185, 24/9/14]