Federal Register of Legislation - Australian Government

Skip to primary navigation Skip to primary content
Federal Register of Legislation Skip to Content
SearchOpen search

Primary content

Bookmark

this version | go to latest

Medicare Guarantee (2019-20 Credit No. 1) Determination 2019

Authoritative Version
This instrument provides for $36,567,354,000.00 to be credited to the Medicare Guarantee Fund (Treasury) Special Account to cover the estimated costs of the Medicare Benefits Schedule and Pharmaceutical Benefits Scheme for the 2019-20 budget year.
Administered by: Treasury
Registered 07 Jun 2019

I, JOSH FRYDENBERG, Treasurer, make this determination under section 7 of the Medicare Guarantee Act 2017.

Dated 5 June 2019

JOSH FRYDENBERG                           


1.            Name of Determination

This determination is the Medicare Guarantee (2019-20 Credit No. 1) Determination 2019.

2.            Commencement

This determination commences on the day after 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 $36,567,354,000.00 is to be credited to the Medicare Guarantee Fund (Treasury) Special Account at the start of 1 July 2019 for the budget year beginning on 1 July 2019.

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