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This is a Bill, not an Act. For current law, see the Acts databases.
1998-99
The Parliament of
the
Commonwealth of
Australia
HOUSE OF
REPRESENTATIVES
Presented and read a first
time
Medicare Levy
Amendment (CPI Indexation) Bill 1999
No.
, 1999
(Treasury)
A
Bill for an Act to index thresholds for Medicare levy and Medicare levy
surcharge, and for related purposes
ISBN: 0642
426309
Contents
A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act
1999 3
Medicare Levy Act
1986 3
A Bill for an Act to index thresholds for Medicare levy
and Medicare levy surcharge, and for related purposes
The Parliament of Australia enacts:
This Act may be cited as the Medicare Levy Amendment (CPI Indexation)
Act 1999.
This Act commences on the day on which it receives the Royal
Assent.
Each Act that is specified in a Schedule to this Act is amended or
repealed as set out in the applicable items in the Schedule concerned, and any
other item in a Schedule to this Act has effect according to its
terms.
A
New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act
1999
1 Paragraphs 15(c)
and 16(2)(c)
Omit “$13,389”, substitute “$13,550”.
The amendments of the A New Tax System (Medicare Levy
Surcharge—Fringe Benefits) Act 1999 made by this Schedule apply to
assessments for the 1999-2000 year of income and later years of
income.
Omit “$13,389”, substitute “$13,550”.
Omit “$14,474”, substitute “$14,648”.
5 Subsection 8(5)
(definition of family income
threshold)
Omit “$22,594”, substitute “$22,865”.
Omit “$22,594”, substitute “$22,865”.
Omit “$13,389”, substitute “$13,550”.
8 Subparagraph 8D(4)(a)(ii)
Omit “$13,389”, substitute “$13,550”.
Omit “$13,389”, substitute “$13,550”.
The amendments of the Medicare Levy Act 1986 made by this Schedule
apply to assessments for the 1999-2000 year of income and later years of
income.