2010‑2011‑2012‑2013

The Parliament of the

Commonwealth of Australia

HOUSE OF REPRESENTATIVES

As passed by both Houses

Medicare Levy Amendment (DisabilityCare Australia) Bill 2013

No.      , 2013

A Bill for an Act to amend the Medicare Levy Act 1986, and for related purposes

Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

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

Schedule 1—Amendments                                                                                                3

Medicare Levy Act 1986                                                                                             3

A Bill for an Act to amend the Medicare Levy Act 1986, and for related purposes

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Medicare Levy Amendment (DisabilityCare Australia) Act 2013.

2  Commencement

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                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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

Medicare Levy Act 1986

1  Subsection 6(1)

Omit “1.5%”, substitute “2%”.

2  Subsection 6(2)

Omit “1.5%”, substitute “2%”.

3  Subsection 6(3)

Omit “1.5%”, substitute “2%”.

4  Subsection 7(4)

Omit “$490”, substitute “$520”.

5  Subsection 8(2) (formula)

Repeal the formula, substitute:

6  Subsection 8(2)

Omit all the words after the formula.

7  Application of amendments

The amendments made by this Schedule apply to assessments for the 2014‑15 year of income and later years of income.