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

9   At the end of section 12

Add:

(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.

(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.