Medicare Levy Amendment Act 1990 (Cth)

Medicare Levy Amendment Act 1990

No. 86 of 1990

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

related purposes

[Assented to 6 November 1990]

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 1990.

(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 1990.

SCHEDULE Section 3

AMENDMENT OF PRINCIPAL ACT

Subsections 7 (1) and (2):

Omit “$10,330”, substitute “$11,745”.

Subsection 7 (2):

Omit “$11,018”, substitute “$12,528”.

Subsection 8 (5):

Omit “$17,400”, substitute “$19,045”.

Subsection 8 (6):

Omit “$17,400”, substitute “$19,045”.

Section 11:

Repeal the section, substitute the following section:

Financial years for which levy is payable

“11. The levy imposed by this Act is levied, and shall be paid, for the financial year commencing on 1 July 1986 and for all subsequent financial years until the Parliament otherwise provides.”.

NOTE

1. No. 110, 1986, as amended. For previous amendments, see No. 110, 1987; No. 93, 1988; and No. 137, 1989.

[Minister’s second reading speech made in—

House of Representatives on 10 October 1990

Senate on 16 October 1990