Medicare Levy Amendment Act 1988 (Cth)

Medicare Levy Amendment Act 1988

No. 93 of 1988

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

[Assented to 24 November 1988]

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 1988.

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

Commencement

2. This Act commences 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 threshold amendments

4. The amendments of sections 7 and 8 of the Principal Act made by this Act do not apply for a financial year earlier than the financial year commencing on 1 July 1988.

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SCHEDULE Section 3

AMENDMENT OF PRINCIPAL ACT

Subsections 7 (1) and (2):

Omit “$8,980”, substitute “$9,560”.

Subsection 7 (2):

Omit “$9,578”, substitute “$10,197”.

Subsection 8 (5):

Omit “$15,090”, substitute “$16,110”.

Subsection 8 (6):

Omit “$15,090”, substitute “$16,110”.

Section 11:

Repeal the section, substitute the following section:

Financial years for which levy payable

“11. The levy imposed by this Act is levied, and shall be paid:

(a) for each of the financial years from and including the financial year commencing on 1 July 1986 to and including the financial year commencing on 1 July 1988; and

(b) until the Parliament otherwise provides, for the next succeeding financial year.”.

NOTE

1. No. 110, 1986, as amended. For previous amendments, see No. 110, 1987.

[Minister’s second reading speech made in—

House of Representatives on 31 August 1988

Senate on 4 November 1988