Federal Register of Legislation - Australian Government

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This determination provides for $966,260,000.00 to be credited to the Medicare Fund (Treasury) Special Account to cover the increase in the estimated costs from the 2018-19 Budget estimates of the Medicare Benefits Schedule and Pharmaceutical Benefits Scheme for the 2018-19 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 (2018-19 Credit No. 2) 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 $966,260,000.00 is to be credited to the Medicare Guarantee Fund (Treasury) Special Account, at 12 noon by legal time in the Australian Capital Territory on the first business day after this determination commences, 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.