Summary
Amends the: Medicare Levy Act 1986 to increase the Medicare levy low-income threshold amounts for families and the dependent child-student component of the threshold from the 2013-14 financial year; Income Tax Assessment Act 1936 to ensure outcomes are preserved in relation to tax assessments where taxpayers have self-assessed on the basis of certain announced taxation measures which have been discontinued; Income Tax Assessment Act 1997 to limit the ability of taxpayers who obtain additional franking credits as a result of ‘dividend washing’ to obtain a tax benefit; and Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Medicare Levy Act 1986 to make technical amendments.