Medicare levy increase to fund DisabilityCare Australia

From 1 July 2014, the government will increase the Medicare levy rate from 1.5 to 2% of taxable income for the 2014-15 income year and later income years. This increase will also have consequential changes for legislation that reference the Medicare levy rate.

The money raised from the increase will be placed into a DisabilityCare Australia Fund for 10 years, which will only be drawn upon to fund the additional costs of delivering the NDIS.

The measure received royal assent on 28 May 2013.

Media release

For more information, refer to:

Legislation and supporting material

The following legislation received royal assent on 28 May 2013:

Further information

For more information, refer to:

End of further information
    Last modified: 01 Jul 2013QC 34696