MEDICARE LEVY AMENDMENT (CPI INDEXATION) ACT (NO. 1) 2001 NO. 12, 2001 

MEDICARE LEVY AMENDMENT (CPI INDEXATION) ACT (NO. 1) 2001 NO. 12, 2001 
- TABLE OF PROVISIONS

1. Short title    
2. Commencement    
3. Schedule(s)    
SCHEDULE 1 - Indexing thresholds  

MEDICARE LEVY AMENDMENT (CPI INDEXATION) ACT (NO. 1) 2001 NO. 12, 2001
- LONG TITLE
An Act to index thresholds for Medicare levy and Medicare levy surcharge,
and for related purposes
[Assented to 22 March 2001]
The Parliament of Australia enacts:

MEDICARE LEVY AMENDMENT (CPI INDEXATION) ACT (No. 1) 2001 No. 12, 2001
- SECT 1
Short title  

        This Act may be cited as the Medicare Levy Amendment (CPI Indexation)
Act (No. 1) 2001.

MEDICARE LEVY AMENDMENT (CPI INDEXATION) ACT (No. 1) 2001 No. 12, 2001
- SECT 2
Commencement  

        This Act commences on the day on which it receives the Royal Assent.

MEDICARE LEVY AMENDMENT (CPI INDEXATION) ACT (No. 1) 2001 No. 12, 2001
- SECT 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repealed as set out in the applicable items in the Schedule concerned, and any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.

MEDICARE LEVY AMENDMENT (CPI INDEXATION) ACT (NO. 1) 2001 NO. 12, 2001
- SCHEDULE 1 - Indexing thresholds 
 Part 1--A New Tax System (Medicare Levy Surcharge--Fringe
Benefits) Act 1999
1  Paragraphs 15(1)(c) and 16(2)(c)
Omit "$13,550", substitute "$13,807".
2  Application
The amendments of the A New Tax System (Medicare Levy Surcharge--Fringe
Benefits) Act 1999 made by this Part apply to assessments for the 2000-2001
year of income and later years of income.

Part 2--Medicare Levy Act 1986
3  Subsection 7(1)
Omit "$13,550", substitute "$13,807".
4  Subsection 7(2)
Omit "$13,550", substitute "$13,807".
5  Subsection 7(2)
Omit "$14,648", substitute "$14,926".
6  Subsection 8(5) (definition of family income threshold)
Omit "$22,865", substitute "$23,299".
7  Subsection 8(5) (definition of family income threshold)
Omit "$2,100", substitute "$2,140".
8  Subsection 8(6)
Omit "$22,865", substitute "$23,299".
9  Paragraph 8D(3)(c)
Omit "$13,550", substitute "$13,807".
10  Subparagraph 8D(4)(a)(ii)
Omit "$13,550", substitute "$13,807".
11  Paragraph 8G(2)(c)
Omit "$13,550", substitute "$13,807".
12  Subparagraph 8G(3)(a)(ii)
Omit "$13,550", substitute "$1
3,807".
13  Application
The amendments of the Medicare Levy Act 1986 made by this Part apply
to assessments for the 2000-2001 year of income and later years of
income.
MEDICARE LEVY AMENDMENT (CPI INDEXATION) ACT (NO. 1) 2001 NO. 12, 2001
- NOTES
Note
[Minister's second reading speech made in-- 
House of Representatives on 7 December 2000 
Senate on 27 February 2001] 
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