Medicare Levy Amendment (DisabilityCare Australia) Act 2013

(43 of 2013)

An Act to amend the Medicare Levy Act 1986, and for related purposes

[Assented to 28 May 2013]

The Parliament of Australia enacts:

1   Short title

This Act may be cited as theMedicare Levy Amendment (DisabilityCare Australia) Act 2013.

2   Commencement

This Act commences on the day this Act 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Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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   Amendments

Medicare Levy Act 1986

1   Subsection 6(1)

Omit "1.5%", substitute "2%".

2   Subsection 6(2)

Omit "1.5%", substitute "2%".

3   Subsection 6(3)

Omit "1.5%", substitute "2%".

4   Subsection 7(4)

Omit "$490", substitute "$520".

5   Subsection 8(2) (formula)

Repeal the formula, substitute:

2% of the family income threshold in relation to the relevant person - (0.08 x (The family income in relation to the relevant person - The family income threshold in relation to the relevant person))

6   Subsection 8(2)

Omit all the words after the formula.

7   Application of amendments

The amendments made by this Schedule apply to assessments for the 2014-15 year of income and later years of income.