Medicare Levy Amendment Act (No. 2) 1992
No. 157 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 (No. 2) 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.
Rate of levy
3. Section 6 of the Principal Act is amended by omitting “1.25%” (wherever occurring) and substituting “1.4%”.
Amount of levy—person who has spouse or dependants
4.(1) Section 8 of the Principal Act is amended:
- (a)
by omitting from subsection (2) “0.1875” and substituting “0.186”;
- (b)
by omitting from subsection (2) “1.25%” and substituting “1.4%”.
(2) Section 8 of the Principal Act is amended by omitting from subsection (6) “family allowance” and substituting “family payment”.
Application
[New rate]
5.(1) The amendments made by section 3 and subsection 4(1) apply for the financial year commencing on 1 July 1993 and all later financial years.
[Family payments under Part 2.17 of the Social Security Act 1991]
(2) The amendment made by subsection 4(2) applies to payments made on or after 1 January 1993.
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 3 November 1992
Senate on 26 November 1992