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This is a Bill, not an Act. For current law, see the Acts databases.

FAIRER PRIVATE HEALTH INSURANCE INCENTIVES (MEDICARE LEVY SURCHARGE) BILL 2009 [NO. 2]

2008-2009
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Fairer Private Health Insurance
Incentives (Medicare Levy Surcharge)
Bill 2009
No. , 2009
(Treasury)
A Bill for an Act to amend the Medicare Levy Act
1986, and for related purposes
i Fairer Private Health Insurance Incentives (Medicare Levy Surcharge) Bill 2009 No.
, 2009
Contents
1 Short
title
...........................................................................................
1
2 Commencement
.................................................................................
1
3 Schedule(s)
........................................................................................
2
Schedule 1--Amendments
3
Medicare Levy Act 1986
3
Fairer Private Health Insurance Incentives (Medicare Levy Surcharge) Bill 2009 No. ,
2009 1
A Bill for an Act to amend the Medicare Levy Act
1
1986, and for related purposes
2
The Parliament of Australia enacts:
3
1 Short title
4
This Act may be cited as the Fairer Private Health Insurance
5
Incentives (Medicare Levy Surcharge) Act 2009.
6
2 Commencement
7
(1) Each provision of this Act specified in column 1 of the table
8
commences, or is taken to have commenced, in accordance with
9
column 2 of the table. Any other statement in column 2 has effect
10
according to its terms.
11
12
2 Fairer Private Health Insurance Incentives (Medicare Levy Surcharge) Bill 2009 No.
, 2009
Commencement information
Column 1
Column 2
Column 3
Provision(s)
Commencement
Date/Details
1. Sections 1 to 3
and anything in
this Act not
elsewhere covered
by this table
The day on which this Act receives the
Royal Assent.
2. Schedule 1
Immediately after the commencement of
Schedule 1 to the Fairer Private Health
Insurance Incentives Act 2009
Note:
This table relates only to the provisions of this Act as originally
1
passed by both Houses of the Parliament and assented to. It will not be
2
expanded to deal with provisions inserted in this Act after assent.
3
(2) Column 3 of the table contains additional information that is not
4
part of this Act. Information in this column may be added to or
5
edited in any published version of this Act.
6
3 Schedule(s)
7
Each Act that is specified in a Schedule to this Act is amended or
8
repealed as set out in the applicable items in the Schedule
9
concerned, and any other item in a Schedule to this Act has effect
10
according to its terms.
11
12
Amendments Schedule 1
Fairer Private Health Insurance Incentives (Medicare Levy Surcharge) Bill 2009 No. ,
2009 3
Schedule 1--Amendments
1
2
Medicare Levy Act 1986
3
1 Subsection 3(1)
4
Insert:
5
family tier 1 threshold has the same meaning as in the Income Tax
6
Assessment Act 1997.
7
2 Subsection 3(1) (definition of singles surcharge threshold)
8
Repeal the definition.
9
3 Subsection 3(1)
10
Insert:
11
singles tier 1 threshold has the same meaning as in the Income Tax
12
Assessment Act 1997.
13
4 Subsection 3(1)
14
Insert:
15
tier 2 earner has the meaning given by section 3A.
16
5 Subsection 3(1)
17
Insert:
18
tier 3 earner has the meaning given by section 3A.
19
6 Sections 3AA and 3A
20
Repeal the sections, substitute:
21
3A Meaning of tier 2 earner and tier 3 earner
22
(1) Subject to this section, for the purposes of this Act:
23
(a) tier 2 earner has the same meaning as in the Income Tax
24
Assessment Act 1997; and
25
(b) tier 3 earner has the same meaning as in that Act.
26
Schedule 1 Amendments
4 Fairer Private Health Insurance Incentives (Medicare Levy Surcharge) Bill 2009 No.
, 2009
(2) In determining whether a person is a tier 2 earner or tier 3 earner
1
for a year of income for the purposes of this Act, section 61-225 of
2
the Income Tax Assessment Act 1997 operates with the
3
modification set out in subsection (3).
4
(3) Replace paragraph 61-225(1)(b) of the Income Tax Assessment Act
5
1997 with the following paragraph:
6
(b) on any day in the year, you have one or more dependants
7
(within the meaning of the A New Tax System (Medicare
8
Levy Surcharge--Fringe Benefits) Act 1999), other than a
9
dependant to whom you are married (within the meaning of
10
that Act):
11
7 Subsection 8B(2)
12
Omit "the singles surcharge threshold", substitute "the person's singles
13
tier 1 threshold".
14
8 At the end of section 8B
15
Add:
16
(3) Increase the amount of each percentage mentioned in
17
subsection (2) by 0.25 of a percentage point if the person is a tier 2
18
earner for the year of income.
19
(4) Increase the amount of each percentage mentioned in
20
subsection (2) by 0.5 of a percentage point if the person is a tier 3
21
earner for the year of income.
22
9 Subsection 8C(3)
23
Omit "family surcharge threshold", substitute "family tier 1 threshold".
24
10 At the end of section 8C
25
Add:
26
(4) Increase the amount of each percentage mentioned in
27
subsection (3) by 0.25 of a percentage point if the person is a tier 2
28
earner for the year of income.
29
(5) Increase the amount of each percentage mentioned in
30
subsection (3) by 0.5 of a percentage point if the person is a tier 3
31
earner for the year of income.
32
Amendments Schedule 1
Fairer Private Health Insurance Incentives (Medicare Levy Surcharge) Bill 2009 No. ,
2009 5
11 Paragraph 8D(3)(b)
1
Omit "family surcharge threshold", substitute "family tier 1 threshold".
2
12 Subparagraph 8D(4)(a)(i)
3
Omit "family surcharge threshold", substitute "family tier 1 threshold".
4
13 Paragraph 8D(4)(b)
5
Omit "family surcharge threshold", substitute "family tier 1 threshold".
6
14 After subsection 8D(4)
7
Insert:
8
(4A) Increase the amount of each percentage mentioned in
9
subsections (3) and (4) by 0.25 of a percentage point if the person
10
is a tier 2 earner for the year of income.
11
(4B) Increase the amount of each percentage mentioned in
12
subsections (3) and (4) by 0.5 of a percentage point if the person is
13
a tier 3 earner for the year of income.
14
15 Subsection 8E(2)
15
Omit "the singles surcharge threshold", substitute "the beneficiary's
16
singles tier 1 threshold".
17
16 At the end of section 8E
18
Add:
19
(3) Increase the amount of each percentage mentioned in
20
subsection (2) by 0.25 of a percentage point if the beneficiary is a
21
tier 2 earner for the year of income.
22
(4) Increase the amount of each percentage mentioned in
23
subsection (2) by 0.5 of a percentage point if the beneficiary is a
24
tier 3 earner for the year of income.
25
17 Subsection 8F(2)
26
Omit "family surcharge threshold", substitute "family tier 1 threshold".
27
18 At the end of section 8F
28
Add:
29
Schedule 1 Amendments
6 Fairer Private Health Insurance Incentives (Medicare Levy Surcharge) Bill 2009 No.
, 2009
(3) Increase the amount of each percentage mentioned in
1
subsection (2) by 0.25 of a percentage point if the beneficiary is a
2
tier 2 earner for the year of income.
3
(4) Increase the amount of each percentage mentioned in
4
subsection (2) by 0.5 of a percentage point if the beneficiary is a
5
tier 3 earner for the year of income.
6
19 Paragraph 8G(2)(b)
7
Omit "family surcharge threshold", substitute "family tier 1 threshold".
8
20 Subparagraph 8G(3)(a)(i)
9
Omit "family surcharge threshold", substitute "family tier 1 threshold".
10
21 Paragraph 8G(3)(b)
11
Omit "family surcharge threshold", substitute "family tier 1 threshold".
12
22 After subsection 8G(3)
13
Insert:
14
(3A) Increase the amount of each percentage mentioned in
15
subsections (2) and (3) by 0.25 of a percentage point if the
16
beneficiary is a tier 2 earner for the year of income.
17
(3B) Increase the amount of each percentage mentioned in
18
subsections (2) and (3) by 0.5 of a percentage point if the
19
beneficiary is a tier 3 earner for the year of income.
20
23 Application
21
The amendments made by this Schedule apply to the 2010-11 year of
22
income and later years of income.
23

 

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