Medicare Levy Act 1986

SECTION 8B   LEVY SURCHARGE - PERSON WITHOUT DEPENDANTS WHO IS NOT MARRIED DURING WHOLE OR PART OF A FINANCIAL YEAR  

8B(1)   [ Application]  

This section applies to a person during a period if during the whole of the period:

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

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

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

(d) the person is not a prescribed person.

Note 1:

Subsection 251R(2) of the Assessment Act treats certain persons who are not married as if they were married.

Note 2:

For dependant see sections 251R and 251V of the Assessment Act.

Note 3:

For prescribed person see section 251U of the Assessment Act.

8B(2)   [ Levy threshold]  

If the person ' s income for surcharge purposes exceeds the person ' s singles tier 1 threshold for the year of income, the amount of the levy that, apart from this section, would have been payable by the person under this Act for the year of income is to be increased:

(a) if this section applies to the person for the whole of the year of income - by 1% of the person ' s taxable income; or

(b) if this section applies to the person for only some of the days in the year of income - by the amount worked out using the formula:

(1% of the person ' s taxable income)

×

Number of those days Number of days in the year of income

8B(3)    

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

8B(4)    

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