The Government has announced an increase in the new Medicare levy thresholds that are applicable for the current financial year (ending 30 June 2014), but for families only. The new threshold is $34,367 (previously $33,693). The threshold increases by $3,156 for each dependent child or student (the previous increase was $3,094).

Thresholds for individuals and pensioners will remain at their 2012/13 levels, being $20,542 and $32,279 respectively.