Fairer Private Health Insurance Incentives (Medicare Levy Surcharge - Fringe Benefits) Act 2012 (28 of 2012)

Schedule 1   Amendments

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

16   After subsection 16(4)

Insert:

(4A) Increase the amount of the percentage mentioned in subsection (4) by 0.25 of a percentage point if the person is a tier 2 earner for the year of income.

(4B) Increase the amount of the percentage mentioned in subsection (4) by 0.5 of a percentage point if the person is a tier 3 earner for the year of income.