Medicare Levy Amendment Act 1992 (Cth)

Medicare Levy Amendment Act 1992

No. 155 of 1992

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

[Assented to 11 December 1992]

The Parliament of Australia enacts:

Short title etc.

1.(1) This Act may be cited as the Medicare Levy Amendment Act 1992.

(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.

Levy in cases of small incomes

3. Section 7 of the Principal Act is amended:

1. (a)

   by omitting “$11,745” (wherever occurring) and substituting “$11,887”;

2. (b)

   by omitting from subsection (2) “$12,528” and substituting “$12,680”.

Amount of levy—person who has spouse or dependants

4. Section 8 of the Principal Act is amended by omitting from subsections (5) and (6) “$19,674” and substituting “$20,070”.

Application of amendments

5. The amendments made by this Act do not apply for a financial year earlier than the financial year commencing on 1 July 1992.

NOTE

1. No. 110, 1986, as amended. For previous amendments, see No. 110, 1987; No. 93, 1988; No. 137, 1989; Nos. 86 and 135, 1990; and Nos. 100 and 212, 1991.

[Minister’s second reading speech made in—

House of Representatives on 15 October 1992

Senate on 9 November 1992