A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Act 1999

PART 3 - AMOUNT OF SURCHARGE PAYABLE  

Division 2 - Amount of surcharge for single person without dependants  

SECTION 12   AMOUNT OF SURCHARGE FOR SINGLE PERSON WITHOUT DEPENDANTS  

12(1)   [ Application]  

This Division applies to a person for a period in a year of income if:

(a) the person ' s income for surcharge purposes for the year of income exceeds the person ' s singles tier 1 threshold for the year of income; and

(b) during the whole of the period:

(i) the person is not a married person; and

(ii) the person does not have any dependants; and

(iii) the person is not covered by an insurance policy that provides private patient hospital cover; and

(iv) the person is not a prescribed person.

12(2)   [ 1% of total]  

The amount of surcharge payable on the person ' s reportable fringe benefits total for the year of income is 1% of that total if this Division applies to the person for the whole of the year of income.

12(3)   [ Part of year calculation]  

If this Division applies to the person for only some of the days of the year of income, the amount of surcharge payable on the person ' s reportable fringe benefits total for the year of income includes the amount worked out using the formula:

12(4)    

Increase the amount of each percentage mentioned in subsections (2) and (3) by 0.25 of a percentage point if the person is a tier 2 earner for the year of income.

12(5)    

Increase the amount of each percentage mentioned in subsections (2) and (3) by 0.5 of a percentage point if the person is a tier 3 earner for the year of income.