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

Dated: 5 June 2018

SCOTT JOHN MORRISON                   

1.            Name of Determination

This determination is the Medicare Guarantee (2018-19 Credit No. 1) Determination 2018.

2.            Commencement

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

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

An amount of $35,267,191,000.00 is to be credited to the Medicare Guarantee Fund (Treasury) Special Account at the start of 1 July 2018 for the budget year beginning on 1 July 2018.

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