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As an extra note to above - you dont pay the MLS if you have private hospital cover for the entire year. Need a policy from July 2015 to avoid paying MLS EOFY June 2016.

You have to pay the medicare levy if you earn a reasonable income. What you may want to avoid paying is the Medicare levy surcharge (MLS). This kicks in for singles at a base income of $90k and couples at $180k. The MLS is between 1-1.5% depending of your income. Check out the ATO site for...