Commonwealth Numbered Acts Commonwealth Numbered Acts
Private Health Insurance Act 2007
1 At the end of Chapter 2
Add:
Part 2-4 -- Excess levels for medicare levy and medicare levy surcharge purposes
This Part sets out the excess levels for complying health insurance products that relate to whether a person is liable to pay medicare levy or medicare levy surcharge.
Division 45 -- Excess levels for medicare levy and medicare levy surcharge purposes
For the purposes of the A New Tax System (Medicare Levy Surcharge--Fringe Benefits) Act 1999 and the Medicare Levy Act 1986 , any excess payable in respect of benefits under a * complying health insurance policy that provides * hospital cover must not be more than:
(a) $750 in any 12 month period, in relation to a policy under which only one person is insured; and
(b) $1,500 in any 12 month period, in relation to any other policy.
2 Application
The amendment made by item 1 of this Schedule applies in relation to the 2018-19 income year and later income years.