Fairer Private Health Insurance Incentives (Medicare Levy Surcharge) Act 2012 (27 of 2012)

Schedule 1   Amendments

Medicare Levy Act 1986

22   After subsection 8G(3)

Insert:

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

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