2016‑2017
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Medicare Levy Amendment (National Disability Insurance Scheme Funding) Bill 2017
No. , 2017
(Treasury)
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............ Schedules............................................................................................ 2
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 is the Medicare Levy Amendment (National Disability Insurance Scheme Funding) Act 2017.
2 Commencement
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
| Commencement information |
| Column 1 | Column 2 | Column 3 |
| Provisions | Commencement | Date/Details |
| 1. The whole of this Act | The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. | |
Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.
(2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.
3 Schedules
Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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 Subsections 6(1) to (6)
Omit “2%”, substitute “2.5%”.
2 Subsection 7(4)
Omit “$520”, substitute “$555”.
3 Subsection 8(2) (formula)
Repeal the formula, substitute:
4 Application of amendments
The amendments made by this Schedule apply to assessments for the 2019‑20 year of income and later years of income.