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This is a Bill, not an Act. For current law, see the Acts databases.
TAX LAWS AMENDMENT (MEDICARE LEVY AND MEDICARE LEVY SURCHARGE) BILL 2009
2008-2009
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Tax Laws Amendment (Medicare Levy
and Medicare Levy Surcharge) Bill 2009
No. , 2009
(Treasury)
A Bill for an Act to amend the law relating to
taxation, and for related purposes
i Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2009 No. ,
2009
Contents
1
Short title ............................................................................................ 1
2
Commencement .................................................................................. 1
3
Schedule(s) ......................................................................................... 1
Schedule 1--Medicare levy and Medicare levy surcharge
income thresholds
3
A New Tax System (Medicare Levy Surcharge--Fringe Benefits) Act
1999
3
Medicare Levy Act 1986
3
Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2009 No. , 2009
1
A Bill for an Act to amend the law relating to
1
taxation, and for related purposes
2
The Parliament of Australia enacts:
3
1 Short title
4
This Act may be cited as the Tax Laws Amendment (Medicare Levy
5
and Medicare Levy Surcharge) Act 2009.
6
2 Commence ment
7
This Act commences on the day on which it receives the Royal
8
Assent.
9
3 Schedule(s)
10
Each Act that is specified in a Schedule to this Act is amended or
11
repealed as set out in the applicable items in the Schedule
12
2 Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2009 No.
, 2009
concerned, and any other item in a Schedule to this Act has effect
1
according to its terms.
2
3
Medicare levy and Medicare levy surcharge income thresholds Schedule 1
Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2009 No. , 2009
3
Schedule 1
--
Medicare levy and Medicare levy
1
surcharge income thresholds
2
3
A New Tax System (Medicare Levy Surcharge--Fringe
4
Benefits) Act 1999
5
1 Paragraphs 15(1)(c) and 16(2)(c)
6
Omit "$17,309", substitute "$17,794".
7
Medicare Levy Act 1986
8
2 Subsection 3(1) (paragraph (b) of the definition of phase-in
9
limit)
10
Omit "$26,967", substitute "$29,763".
11
3 Subsection 3(1) (paragraph (c) of the definition of phase-in
12
limit)
13
Omit "$20,363", substitute "$20,934".
14
4 Subsection 3(1) (paragraph (b) of the definition of threshold
15
amount)
16
Omit "$22,922", substitute "$25,299".
17
5 Subsection 3(1) (paragraph (c) of the definition of threshold
18
amount)
19
Omit "$17,309", substitute "$17,794".
20
6 Subsection 8(5) (definition of family income threshold)
21
Omit "$29,207", substitute "$30,025".
22
7 Subsection 8(5) (definition of family income threshold)
23
Omit "$2,682", substitute "$2,757".
24
8 Subsections 8(6) and (7)
25
Omit "$29,207", substitute "$30,025".
26
9 Paragraph 8D(3)(c)
27
Schedule 1 Medicare levy and Medicare levy surcharge income thresholds
4 Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2009 No.
, 2009
Omit "$17,309", substitute "$17,794".
1
10 Subparagraph 8D(4)(a)(ii)
2
Omit "$17,309", substitute "$17,794".
3
11 Paragraph 8G(2)(c)
4
Omit "$17,309", substitute "$17,794".
5
12 Subparagraph 8G(3)(a)(ii)
6
Omit "$17,309", substitute "$17,794".
7
13 Application of amendments
8
The amendments made by this Schedule apply to assessments for the
9
2008-09 year of income and later years of income.
10