Medicare Levy Amendment Act 1995
No. 56 of 1995
An Act to amend the Medicare Levy Act 1986, and for related purposes
[Assented to 28 June 1995]
The Parliament of Australia enacts:
Short title
1. This Act may be cited as the Medicare Levy Amendment Act 1995.
Commencement
2. This Act, other than Schedule 2, is taken to have commenced on the day before the day on which it receives the Royal Assent. Schedule 2 commences on the day on which this Act receives the Royal Assent.
Schedules
3. The Medicare Levy Act 1986 is amended in accordance with the applicable items in the Schedules, and the other items in the Schedules have effect according to their terms.
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SCHEDULE 1 Section 3
AMENDMENT OF THE MEDICARE LEVY ACT 1986 APPLYING FOR
1993-94 AND 1994-95
1. Subsection 7(4):
Omit "$443", substitute "$447".
2. Application
The amendment made by this Schedule applies for the financial years commencing on 1 July 1993 and 1 July 1994.
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SCHEDULE 2 Section 3
AMENDMENT OF THE MEDICARE LEVY ACT 1986 APPLYING FOR
1995-96 AND LATER YEARS
1. Section 6:
Omit "1.4%" (wherever occurring), substitute "1.5%".
2. Subsection 7(1):
Omit "$12,688", substitute "$12,870".
3. Subsection 7(2):
Omit "$12,688", substitute "$12,870".
4. Subsection 7(2):
Omit "$13,643", substitute "$13,913".
5. Subsection 7(4):
Omit "$447", substitute "$450".
6. Subsection 8(2):
Omit "0.186", substitute "0.185".
7. Subsection 8(2):
Omit "1.4%", substitute "1.5%".
8. Subsection 8(5) (definition of family income threshold):
Omit "$21,366", substitute "$21,718".
9. Subsection 8(6):
Omit "$21,366", substitute "$21,718".
10. Application
The amendments made by this Schedule apply for the financial year commencing on 1 July 1995 and all later financial years.
[Minister's second reading speech made in—
House of Representatives on 6 June 1995
Senate on 9 June 1995]