Commonwealth Numbered Acts Commonwealth Numbered Acts
1 Subsection 3(1)
Insert:
family tier 1 threshold , of a person for a year of income, means the family tier 1 threshold (within the meaning of the Private Health Insurance Act 2007 ) of the person for the financial year corresponding to the year of income.
2 Subsection 3(1) (definition of singles surcharge threshold )
Repeal the definition.
3 Subsection 3(1)
Insert:
singles tier 1 threshold , of a person for a year of income, means the singles tier 1 threshold (within the meaning of the Private Health Insurance Act 2007 ) of the person for the financial year corresponding to the year of income.
4 Subsection 3(1)
Insert:
tier 2 earner has the meaning given by section 3A.
5 Subsection 3(1)
Insert:
tier 3 earner has the meaning given by section 3A.
6 Sections 3AA and 3A
Repeal the sections, substitute:
3A Meaning of tier 2 earner and tier 3 earner
(1) Subject to this section, for the purposes of this Act:
(a) tier 2 earner , for a year of income, means a tier 2 earner (within the meaning of the Private Health Insurance Act 2007 ) for the financial year corresponding to the year of income; and
(b) tier 3 earner , for a year of income, means a tier 3 earner (within the meaning of that Act) for the financial year corresponding to the year of income.
(2) In determining whether a person is a tier 2 earner or tier 3 earner for a year of income for the purposes of this Act, section 22-30 of the Private Health Insurance Act 2007 operates with the modification set out in subsection (3).
(3) Replace paragraph 22-30(1)(b) of the Private Health Insurance Act 2007 with the following paragraph:
(b) on any day in the year, the person has one or more dependants (within the meaning of the A New Tax System (Medicare Levy Surcharge--Fringe Benefits) Act 1999 ), other than a dependant to whom the person is married (within the meaning of that Act):
7 Subsection 8B(2)
Omit "the singles surcharge threshold", substitute "the person's singles tier 1 threshold".
8 At the end of section 8B
Add:
(3) Increase the amount of each percentage mentioned in subsection (2) by 0.25 of a percentage point if the person is a tier 2 earner for the year of income.
(4) Increase the amount of each percentage mentioned in subsection (2) by 0.5 of a percentage point if the person is a tier 3 earner for the year of income.
9 Subsection 8C(3)
Omit "family surcharge threshold", substitute "family tier 1 threshold".
10 At the end of section 8C
Add:
(4) Increase the amount of each percentage mentioned in subsection (3) by 0.25 of a percentage point if the person is a tier 2 earner for the year of income.
(5) Increase the amount of each percentage mentioned in subsection (3) by 0.5 of a percentage point if the person is a tier 3 earner for the year of income.
11 Paragraph 8D(3)(b)
Omit "family surcharge threshold", substitute "family tier 1 threshold".
12 Subparagraph 8D(4)(a)(i)
Omit "family surcharge threshold", substitute "family tier 1 threshold".
13 Paragraph 8D(4)(b)
Omit "family surcharge threshold", substitute "family tier 1 threshold".
14 After subsection 8D(4)
Insert:
(4A) Increase the amount of each percentage mentioned in subsections (3) and (4) by 0.25 of a percentage point if the person is a tier 2 earner for the year of income.
(4B) Increase the amount of each percentage mentioned in subsections (3) and (4) by 0.5 of a percentage point if the person is a tier 3 earner for the year of income.
15 Subsection 8E(2)
Omit "the singles surcharge threshold", substitute "the beneficiary's singles tier 1 threshold".
16 At the end of section 8E
Add:
(3) Increase the amount of each percentage mentioned in subsection (2) by 0.25 of a percentage point if the beneficiary is a tier 2 earner for the year of income.
(4) Increase the amount of each percentage mentioned in subsection (2) by 0.5 of a percentage point if the beneficiary is a tier 3 earner for the year of income.
17 Subsection 8F(2)
Omit "family surcharge threshold", substitute "family tier 1 threshold".
18 At the end of section 8F
Add:
(3) Increase the amount of each percentage mentioned in subsection (2) by 0.25 of a percentage point if the beneficiary is a tier 2 earner for the year of income.
(4) Increase the amount of each percentage mentioned in subsection (2) by 0.5 of a percentage point if the beneficiary is a tier 3 earner for the year of income.
19 Paragraph 8G(2)(b)
Omit "family surcharge threshold", substitute "family tier 1 threshold".
20 Subparagraph 8G(3)(a)(i)
Omit "family surcharge threshold", substitute "family tier 1 threshold".
21 Paragraph 8G(3)(b)
Omit "family surcharge threshold", substitute "family tier 1 threshold".
22 After subsection 8G(3)
Insert:
(3A) Increase the amount of each percentage mentioned in subsections (2) and (3) by 0.25 of a percentage point if the beneficiary is a tier 2 earner for the year of income.
(3B) Increase the amount of each percentage mentioned in subsections (2) and (3) by 0.5 of a percentage point if the beneficiary is a tier 3 earner for the year of income.
23 Application
The amendments made by this Schedule apply to the 2012-13 year of income and later years of income.