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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-FRINGE BENEFITS) 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--
Fringe Benefits) Bill 2009
No. , 2009
(Treasury)
A Bill for an Act to amend the A New Tax System
(Medicare Levy Surcharge--Fringe Benefits) Act
1999, and for related purposes
i Fairer Private Health Insurance Incentives (Medicare Levy Surcharge--Fringe Benefits)
Bill 2009 No. , 2009
Contents
1 Short
title
...........................................................................................
1
2 Commencement
.................................................................................
1
3 Schedule(s)
........................................................................................
2
Schedule 1--Amendments
3
A New Tax System (Medicare Levy Surcharge--Fringe Benefits) Act
1999
3
Fairer Private Health Insurance Incentives (Medicare Levy Surcharge--Fringe Benefits) Bill
2009 No. , 2009 1
A Bill for an Act to amend the A New Tax System
1
(Medicare Levy Surcharge--Fringe Benefits) Act
2
1999, and for related purposes
3
The Parliament of Australia enacts:
4
1 Short title
5
This Act may be cited as the Fairer Private Health Insurance
6
Incentives (Medicare Levy Surcharge--Fringe Benefits) Act 2009.
7
2 Commencement
8
(1) Each provision of this Act specified in column 1 of the table
9
commences, or is taken to have commenced, in accordance with
10
column 2 of the table. Any other statement in column 2 has effect
11
according to its terms.
12
13
2 Fairer Private Health Insurance Incentives (Medicare Levy Surcharge--Fringe Benefits)
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--Fringe Benefits) Bill
2009 No. , 2009 3
Schedule 1--Amendments
1
2
A New Tax System (Medicare Levy Surcharge--Fringe
3
Benefits) Act 1999
4
1 Subsection 3(1)
5
Insert:
6
family tier 1 threshold has the same meaning as in the Income Tax
7
Assessment Act 1997.
8
2 Subsection 3(1) (definition of family surcharge threshold)
9
Repeal the definition.
10
3 Subsection 3(1) (definition of singles surcharge threshold)
11
Repeal the definition.
12
4 Subsection 3(1)
13
Insert:
14
singles tier 1 threshold has the same meaning as in the Income Tax
15
Assessment Act 1997.
16
5 Subsection 3(1)
17
Insert:
18
tier 2 earner has the meaning given by section 6.
19
6 Subsection 3(1)
20
Insert:
21
tier 3 earner has the meaning given by section 6.
22
7 Sections 5A and 6
23
Repeal the sections, substitute:
24
6 What is a tier 2 earner and tier 3 earner
25
(1) Subject to this section, for the purposes of this Act:
26
Schedule 1 Amendments
4 Fairer Private Health Insurance Incentives (Medicare Levy Surcharge--Fringe Benefits)
Bill 2009 No. , 2009
(a) tier 2 earner has the same meaning as in the Income Tax
1
Assessment Act 1997; and
2
(b) tier 3 earner has the same meaning as in that Act.
3
(2) In determining whether a person is a tier 2 earner or tier 3 earner
4
for a year of income for the purposes of this Act, section 61-225 of
5
the Income Tax Assessment Act 1997 operates with the
6
modification set out in subsection (3).
7
(3) Replace paragraph 61-225(1)(b) of the Income Tax Assessment Act
8
1997 with the following paragraph:
9
(b) on any day in the year, you have one or more dependants
10
(within the meaning of the A New Tax System (Medicare
11
Levy Surcharge--Fringe Benefits) Act 1999), other than a
12
dependant to whom you are married (within the meaning of
13
that Act):
14
8 Paragraph 12(1)(a)
15
Omit "the singles surcharge threshold", substitute "the person's singles
16
tier 1 threshold".
17
9 At the end of section 12
18
Add:
19
(4) Increase the amount of each percentage mentioned in
20
subsections (2) and (3) by 0.25 of a percentage point if the person
21
is a tier 2 earner for the year of income.
22
(5) Increase the amount of each percentage mentioned in
23
subsections (2) and (3) by 0.5 of a percentage point if the person is
24
a tier 3 earner for the year of income.
25
10 Paragraph 13(1)(a)
26
Omit "family surcharge threshold", substitute "family tier 1 threshold".
27
11 At the end of section 13
28
Add:
29
(5) Increase the amount of each percentage mentioned in
30
subsections (3) and (4) by 0.25 of a percentage point if the person
31
is a tier 2 earner for the year of income.
32
Amendments Schedule 1
Fairer Private Health Insurance Incentives (Medicare Levy Surcharge--Fringe Benefits) Bill
2009 No. , 2009 5
(6) Increase the amount of each percentage mentioned in
1
subsections (3) and (4) by 0.5 of a percentage point if the person is
2
a tier 3 earner for the year of income.
3
12 Paragraph 15(1)(b)
4
Omit "family surcharge threshold", substitute "family tier 1 threshold".
5
13 At the end of section 15
6
Add:
7
(3) Increase the amount of the percentage mentioned in subsection (1)
8
by 0.25 of a percentage point if the person is a tier 2 earner for the
9
year of income.
10
(4) Increase the amount of the percentage mentioned in subsection (1)
11
by 0.5 of a percentage point if the person is a tier 3 earner for the
12
year of income.
13
14 Paragraph 16(2)(b)
14
Omit "family surcharge threshold", substitute "family tier 1 threshold".
15
15 Paragraph 16(3)(b)
16
Omit "family surcharge threshold", substitute "family tier 1 threshold".
17
16 After subsection 16(4)
18
Insert:
19
(4A) Increase the amount of the percentage mentioned in subsection (4)
20
by 0.25 of a percentage point if the person is a tier 2 earner for the
21
year of income.
22
(4B) Increase the amount of the percentage mentioned in subsection (4)
23
by 0.5 of a percentage point if the person is a tier 3 earner for the
24
year of income.
25
17 Application
26
The amendments made by this Schedule apply to the 2010-11 year of
27
income and later years of income.
28