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:

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

(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]