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Tuesday, 27 February 2001
Page: 22083


Senator IAN CAMPBELL (Parliamentary Secretary to the Minister for Communications, Information Technology and the Arts) (3:45 PM) —I move:

That this bill be now read a second time.

I seek leave to have the second reading speech incorporated in Hansard.

Leave granted.

The speech read as follows

This Bill amends the Medicare Levy Act 1986 and the A New Tax System (Medicare Levy Surcharge-Fringe Benefits) Act 1999 to increase the Medicare levy low income thresholds in line with increases in the Consumer Price Index.

The amendment to the Medicare levy low income thresholds will apply to the 2000-2001 year of income and later years of income.

Full details of the measures in the Bill are contained in the explanatory memorandum.

I commend the Bill.

Debate (on motion by Senator O'Brien) adjourned.