Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2009
(41 of 2009)
An Act to amend the law relating to taxation, and for related purposes
[Assented to 23 June 2009]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as theTax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2009.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1 Medicare levy and Medicare levy surcharge income thresholds
A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Act 1999
1 Paragraphs 15(1)(c) and 16(2)(c)
Omit "$17,309", substitute "$17,794".
Medicare Levy Act 1986
2 Subsection 3(1) (paragraph (b) of the definition of phase-in limit )
Omit "$26,967", substitute "$29,763".
3 Subsection 3(1) (paragraph (c) of the definition of phase-in limit )
Omit "$20,363", substitute "$20,934".
4 Subsection 3(1) (paragraph (b) of the definition of threshold amount )
Omit "$22,922", substitute "$25,299".
5 Subsection 3(1) (paragraph (c) of the definition of threshold amount )
Omit "$17,309", substitute "$17,794".
6 Subsection 8(5) (definition of family income threshold )
Omit "$29,207", substitute "$30,025".
7 Subsection 8(5) (definition of family income threshold )
Omit "$2,682", substitute "$2,757".
8 Subsections 8(6) and (7)
Omit "$29,207", substitute "$30,025".
9 Paragraph 8D(3)(c)
Omit "$17,309", substitute "$17,794".
10 Subparagraph 8D(4)(a)(ii)
Omit "$17,309", substitute "$17,794".
11 Paragraph 8G(2)(c)
Omit "$17,309", substitute "$17,794".
12 Subparagraph 8G(3)(a)(ii)
Omit "$17,309", substitute "$17,794".
13 Application of amendments
The amendments made by this Schedule apply to assessments for the 2008-09 year of income and later years of income.