Medicare Levy Amendment Act 1987 (Cth)

Medicare Levy Amendment Act 1987

No. 110 of 1987

An Act to amend the Medicare Levy Act 1986, and for related purposes

[Assented to 26 November 1987]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title etc.

1. (1) This Act may be cited as the Medicare Levy Amendment Act 1987.

(2) In this Act, “Principal Act” means the Medicare Levy Act 19861.

Commencement

2. This Act shall come into operation on the day on which it receives the Royal Assent.

Amendment of Principal Act

3.The Principal Act is amended as set out in the Schedule.

Application of amendments

4.The amendments made by this Act apply for the financial year commencing on 1 July 1987 and for all subsequent financial years.

 

SCHEDULE Section 3

AMENDMENT OF PRINCIPAL ACT

Section 6:

Omit “1.145%” (wherever occurring), substitute “1.25%”.

Subsections 7 (1) and (2):

Omit “$8,030”, substitute “$8,980”.

Subsection 7 (2):

Omit “$8,517”, substitute “$9,578”.

Subsection 7 (4):

Omit “$441”, substitute “$443”.

Subsection 8 (2):

(a) Omit “0.18855”, substitute “0.1875”.

(b) Omit “1.145%”, substitute “1.25%”.

Subsection 8 (5):

(a) Omit “$13,370”, substitute “$15,090”.

(b) Omit “$1,660”, substitute “$2,100”.

Subsection 8 (6):

(a) Omit “$13,370”, substitute “$15,090”.

(b) Omit “Part VI”, substitute “Part X”.

Subsection 11 (1):

Add at the end “, the financial year that commenced on 1 July 1987 and, until the Parliament otherwise provides, the financial year commencing on 1 July 1988”.

Subsections 11 (2) and (3):

Omit the subsections.

NOTE

1. No. 110, 1986.

[Minister’s second reading speech made in—

House of Representatives on 23 September 1987

Senate on 23 October 1987