Medicare Guarantee (Transfers to the Health Special Account) Direction (No. 1) 2023

Dated               26 May            2023

Hamish McDonald

Contents

Part 1—Preliminary                                                                                                      1

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Definitions................................................................................................................................ 1

Part 2—Transfer of amounts to the Medicare Guarantee Fund (Health) Special Account      2

5  Direction to transfer amount from the Medicare Guarantee Fund (Treasury) Special Account to the Medicare Guarantee Fund (Health) Special Account............................................................................................... 2

Part 1—Preliminary

1  Name

                   This instrument is the Medicare Guarantee (Transfers to the Health Special Account) Direction (No. 1) 2023.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Medicare Guarantee Act 2017.

4  Definitions

Note:       Paragraph 13(1)(b) of the Legislation Act 2003 has the effect that expressions have the same meaning in this instrument as in the Medicare Guarantee Act 2017 as in force from time to time.

                   In this instrument:

the Act means the Medicare Guarantee Act 2017.

Part 2—Transfer of amounts to the Medicare Guarantee Fund (Health) Special Account

5  Direction to transfer amount from the Medicare Guarantee Fund (Treasury) Special Account to the Medicare Guarantee Fund (Health) Special Account

                   Under subsection 14 of the Act, an amount of $47,521,044,000 is directed to be debited from the Medicare Guarantee Fund (Treasury) Special Account and the same amount is directed to be credited to the Medicare Guarantee Fund (Health) Special Account on the day this section commences.

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

Note:          The Medicare Guarantee Fund (Health) Special Account is the special account established by section 12 of the Medicare Guarantee Act 2017.