Taxation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2002 (Cth)

Text

1 Short title [see Note 1]

2 Commencement [see Note 1]

3 Schedule(s)

Schedule 1—Increases in thresholds

A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999

Medicare Levy Act 1986

Schedule 2—Other amendments

Income Tax Assessment Act 1936

Medicare Levy Act 1986

Taxation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2002

Act No. 39 of 2002 as amended

This compilation was prepared on 3 September 2010
taking into account amendments up to Act No. 75 of 2010

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General’s Department, Canberra

Contents

1............ Short title [see Note 1]....................................................................... 1

2............ Commencement [see Note 1].............................................................. 1

3............ Schedule(s).......................................................................................... 1

Schedule 1—Increases in thresholds  2

A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999    2

Medicare Levy Act 1986  2

Schedule 2—Other amendments  4

Income Tax Assessment Act 1936  4

Medicare Levy Act 1986  4

Notes  7

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

1  Short title [see Note 1]

                   This Act may be cited as the Taxation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2002.

2  Commencement [see Note 1]

                   This Act commences on the day on which it receives the Royal Assent.

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                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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

A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999

1  Paragraph 15(1)(c)

Omit “$13,807”, substitute “$14,539”.

2  Paragraph 16(2)(c)

Omit “$13,807”, substitute “$14,539”.

Medicare Levy Act 1986

3  Subsection 3(1) (paragraph (b) of the definition of phase‑in limit)

Omit “$17,264”, substitute “$17,913”.

4  Subsection 3(1) (paragraph (c) of the definition of phase‑in limit)

Omit “$14,926”, substitute “$15,717”.

5  Subsection 3(1) (paragraph (b) of the definition of threshold amount)

Omit “$15,970”, substitute “$16,570”.

6  Subsection 3(1) (paragraph (c) of the definition of threshold amount)

Omit “$13,807”, substitute “$14,539”.

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

Omit “$23,299”, substitute “$24,534”.

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

Omit “$2,140”, substitute “$2,253”.

9  Subsection 8(6)

Omit “$23,299”, substitute “$24,534”.

10  Subsection 8(7)

Omit “$23,299”, substitute “$24,534”.

11  Paragraph 8D(3)(c)

Omit “$13,807”, substitute “$14,539”.

12  Subparagraph 8D(4)(a)(ii)

Omit “$13,807”, substitute “$14,539”.

13  Paragraph 8G(2)(c)

Omit “$13,807”, substitute “$14,539”.

14  Subparagraph 8G(3)(a)(ii)

Omit “$13,807”, substitute “$14,539”.

15  Application of amendments

The amendments made by this Schedule apply to assessments for the 2001‑2002 year of income and later years of income.

Schedule 2—Other amendments

Income Tax Assessment Act 1936

1  Paragraph 251U(1)(cb)

Omit “subsection 43(1) of”, substitute “Method statement 2 in subpoint SCH6‑A1(3), or Method statement 4 in subpoint SCH6‑A1(5), in Schedule 6 to”.

2  Subparagraph 251U(1)(cc)(ii)

Omit all the words after “worked out under”, substitute “Method statement 6 in subpoint SCH6‑A1(7) in Schedule 6 to the Veterans’ Entitlements Act 1986;”.

3  Application of amendments

The amendments made by items 1 and 2 apply to assessments for the 1997‑98 year of income and later years of income.

Medicare Levy Act 1986

4  Paragraph 8(1)(b)

Repeal the paragraph, substitute:

   (b)  is entitled to a rebate under section 159J of the Assessment Act in respect of a person included in class 2 of the table in subsection 159J(2) of that Act, or would be so entitled apart from subsection 159J(1AA) of that Act; or

5  Paragraph 8(1)(d)

Repeal the paragraph, substitute:

   (d)  is entitled to a rebate under section 159L of that Act, or would be so entitled apart from subsection 159L(3A) of that Act;

6  Paragraph 8(2)(b)

Repeal the paragraph, substitute:

   (b)  is entitled to a rebate under section 159J of the Assessment Act in respect of a person included in class 2 of the table in subsection 159J(2) of that Act, or would be so entitled apart from subsection 159J(1AA) of that Act; or

7  Paragraph 8(2)(d)

Repeal the paragraph, substitute:

   (d)  is entitled to a rebate under section 159L of that Act, or would be so entitled apart from subsection 159L(3A) of that Act;

8  Application of amendments

The amendments made by items 4 to 7 apply to assessments for the 2000‑01 year of income and later years of income.

Notes to the Taxation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2002

Note 1

The Taxation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2002 as shown in this compilation comprises Act No. 39, 2002 amended as indicated in the Tables below.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Taxation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2002	39, 2002	26 June 2002	26 June 2002
Tax Laws Amendment (2010 Measures No. 2) Act 2010	75, 2010	28 June 2010	Schedule 6 (item 102): 29 June 2010	—

Table of Amendments

ad. = added or inserted      am. = amended      rep. = repealed      rs. = repealed and substituted
Provision affected	How affected
S. 4......................................	rep. No. 75, 2010