Income Tax Assessment Act 1936

PART VIIB - MEDICARE LEVY AND MEDICARE LEVY SURCHARGE  

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History

Pt VIIB heading substituted by No 17 of 1999 and for former Pt VIIB ( " Health Insurance Levy " ) by No 51 of 1983.

SECTION 251T  

251T   MEDICARE LEVY (OTHER THAN MEDICARE LEVY SURCHARGE) NOT PAYABLE BY PRESCRIBED PERSONS OR BY CERTAIN TRUSTEES  

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Notwithstanding anything contained in section 251S , Medicare levy (other than an increase in the levy payable under section 8B , 8C , 8D , 8E , 8F or 8G of the Medicare Levy Act 1986 ) is not payable by:

(a) a person (not being a person in the capacity of a trustee) who was a prescribed person during the whole of the year of income; or

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(b) (Repealed by No 53 of 2015)

(c) a person in the capacity of a trustee of a trust, in respect of a share of the net income of the trust estate of the year of income (being a share to which a beneficiary who was a prescribed person during the whole of the year of income is presently entitled) in respect of which the trustee is required to be assessed in pursuance of section 98 .

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History

S 251T amended by No 53 of 2015, s 3 and Sch 1 items 6 and 7, by inserting " or " in para (a) and repealing para (b), applicable in relation to the 2016-17 income year and later income years. Para (b) formerly read:

(b) a person in the capacity of a trustee of a trust that is a Territory trust for the purposes of Division 1A of Part III in relation to the year of income, in respect of income of the trust of the year of income; or

S 251T amended by No 56 of 1997.

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