Tax Laws Amendment (Medicare Levy) Act 2013 (Cth)

Tax Laws Amendment (Medicare Levy) Act 2013

No. 81, 2013

An Act to amend the law relating to taxation, and for related purposes

Contents

Tax Laws Amendment (Medicare Levy) Act 2013

No. 81, 2013

An Act to amend the law relating to taxation, and for related purposes

[Assented to 28 June 2013]

The Parliament of Australia enacts:

1Short title

This Act may be cited as the Tax Laws Amendment (Medicare Levy) Act 2013.

2Commencement

This Act commences on the day this Act receives the Royal Assent.

3Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Medicare levy family income threshold

Medicare Levy Act 1986

1. 1

   Subsection 8(5) (definition of family income threshold)

   Omit “$32,743”, substitute “$33,693”.

2. 2

   Subsection 8(5) (definition of family income threshold)

   Omit “$3,007”, substitute “$3,094”.

3

Subsections 8(6) and (7)

Omit “$32,743”, substitute “$33,693”.

4

Application of amendments

The amendments made by this Schedule apply to assessments for the 2012‑2013 year of income and later years of income.

[Minister’s second reading speech made in—

House of Representatives on 15 May 2013

Senate on 17 June 2013]

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