I, SCOTT JOHN MORRISON, Treasurer, make this determination under section 7 of the Medicare Guarantee Act 2017.

Dated  29 June 2017

SCOTT JOHN MORRISON                   

1.            Name of Determination

This determination is the Medicare Guarantee (2017-18 Credit) Determination 2017 (No. 1).

2.            Commencement

This determination commences on the day on which it is registered.

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

For section 7 of the Medicare Guarantee Act 2017, $33,849,000,000.00 is to be credited to the Medicare Guarantee Fund (Treasury) Special Account at the start of 1 July 2017 for the budget year beginning on 1 July 2017.

Note: The Medicare Guarantee Fund (Treasury) Special Account is the special account established by section 6 of the Medicare Guarantee Act 2017.