Medicare Guarantee (2019-20 Credit No. 2) Determination 2020
I, JOSH FRYDENBERG, Treasurer, make this determination under section 7 of the Medicare Guarantee Act 2017.
Dated 24 June 2020
JOSH FRYDENBERG
Treasurer
1. Name of Determination
This determination is the Medicare Guarantee (2019-20 Credit No. 2) Determination 2020.
2. Commencement
This determination commences on the day after the day on which it is made.
Note: Section 7 of the Medicare Guarantee Act 2017 provides that this determination is a notifiable instrument as defined by section 11 of the Legislation Act 2003.
3. Authority
This determination is made under section 7 of the Medicare Guarantee Act 2017.
4. Crediting of amounts
An amount of $1,393,701,000.00 is to be credited to the Medicare Guarantee Fund (Treasury) Special Account on the first business day after this determination commences, for the budget year beginning on 1 July 2019.
Note: The Medicare Guarantee Fund (Treasury) Special Account is the special account established by section 6 of the Medicare Guarantee Act 2017.