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

7   Sections 5A and 6

Repeal the sections, substitute:

6 What is a tier 2 earner and tier 3 earner

(1) Subject to this section, for the purposes of this Act:

(a) tier 2 earner , for a year of income, means a tier 2 earner (within the meaning of the Private Health Insurance Act 2007) for the financial year corresponding to the year of income; and

(b) tier 3 earner , for a year of income, means a tier 3 earner (within the meaning of that Act) for the financial year corresponding to the year of income.

(2) In determining whether a person is a tier 2 earner or tier 3 earner for a year of income for the purposes of this Act, section 22-30 of the Private Health Insurance Act 2007 operates with the modification set out in subsection (3).

(3) Replace paragraph 22-30(1)(b) of the Private Health Insurance Act 2007 with the following paragraph:

(b) on any day in the year, the person has one or more dependants (within the meaning of the A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Act 1999), other than a dependant to whom the person is married (within the meaning of that Act):