Medicare Guarantee (2017-18 Credit) Determination 2018 (No. 1)

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

Dated 10 April 2018

SCOTT JOHN MORRISON 

Treasurer 

1.                  Name of Determination

This determination is the Medicare Guarantee (2017-18 Credit) Determination 2018 (No. 1).

2.                  Commencement

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

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 $564,984,000.00 is to be credited to the Medicare Guarantee Fund (Treasury) Special Account, at 12 noon on the day following the day on which this determination commences, for the budget year beginning on 1 July 2017.

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