Commonwealth Numbered Acts

MEDICARE LEVY ACT 1986 No. 110, 1986 - SECT 7

7. (1) Where the taxable income of a person does not exceed $8,030, no levy is
payable by the person upon that taxable income.

(2) Where the taxable income of a person exceeds $8,030 but does not exceed
$8,517, the amount of levy payable by the person upon that taxable income but
for sections 8 and 9 shall not exceed 20% of the amount of the excess.

(3) Where the net income of a trust estate or a part of that net income, being
income in respect of which a person in the capacity of a trustee of a trust
estate is liable to be assessed pursuant to section 99 of the Assessment Act,
does not exceed $416, no levy is payable by the person upon that net income or
part, as the case may be.

(4) Where the net income of a trust estate or a part of that net income, being
income in respect of which a person in the capacity of a trustee of a trust
estate is liable to be assessed and pay tax pursuant to section 99 of the
Assessment Act, exceeds $416 but does not exceed $441, the amount of levy
payable by the person upon that net income shall not exceed 20% of the amount
of the excess.