Summary
Amends the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999 and Medicare Levy Act 1986 to increase the Medicare levy low income thresholds and the Medicare levy surcharge low income thresholds for the 2005-06 financial year and later financial years. Also amends the Medicare Levy Act 1986 to increase the Medicare levy low income threshold for pensioners below age pension age for the 2005-2006 financial year and later financial years.