A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Amendment Act 2015

(52 of 2015)

An Act to amend the A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Act 1999, and for related purposes

[Assented to 26 May 2015]

The Parliament of Australia enacts:

1   Short title

This Act may be cited as the A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Amendment Act 2015.

2   Commencement

This Act commences on 1 July 2016.

3   Schedules

Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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

A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Act 1999

1   Subsection 3(1)

Insert:

Australia , when used in a geographical sense, has the same meaning as in the Income Tax Assessment Act 1997.

2   At the end of Part 1

Add:

9 Application

This Act extends to every external Territory referred to in the definition of Australia .

3   Subsection 10(3)

Repeal the subsection.

4   Application

The amendments made by this Schedule apply in relation to the 2016-17 year of income and later years of income.