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

Dated 24 June 2020  

JOSH FRYDENBERG                           

1.            Name of Determination

This determination is the Medicare Guarantee (2019-20 Credit No. 2) Determination 2020.

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 $1,393,701,000.00 is to be credited to the Medicare Guarantee Fund (Treasury) Special Account on the first business day after this determination commences, 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.