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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 3,8 07".

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.


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