Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (NO. 6) 2003 NO. 67, 2003 - SCHEDULE 1

Medicare Levy Act 1986

Omit "$17,913", substitute "$18,555".

2 Subsection 3(1) (paragraph (c) of the definition of phase-in limit)

Omit "$15,717", substitute "$16,283".

3 Subsection 3(1) (paragraph (b) of the definition of threshold amount)

Omit "$16,570", substitute "$17,164".

4 Subsection 3(1) (paragraph (c) of the definition of threshold amount)

Omit "$14,539", substitute "$15,062".

5 Subsection 8(5) (definition of family income threshold)

Omit "$24,534", substitute "$25,417".

6 Subsection 8(5) (definition of family income threshold)

Omit "$2,253", substitute "$2,334".

7 Subsection 8(6)

Omit "$24,534", substitute "$25,417".

8 Subsection 8(7)

Omit "$24,534", substitute "$25,417".

9 Paragraph 8D(3)(c)

Omit "$14,539", substitute "$15,062".

10 Subparagraph 8D(4)(a)(ii)

Omit "$14,539", substitute "$15,062".

11 Paragraph 8G(2)(c)

Omit "$14,539", substitute "$15,062".

12 Subparagraph 8G(3)(a)(ii)

Omit "$14,539", substitute "$15,062".

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

13 Paragraph 15(1)(c)

Omit "$14,539", substitute "$15,062".

14 Paragraph 16(2)(c)

Omit "$14,539", substitute "$15,062".

15 Application of amendments

The amendments made by this Schedule apply to assessments for the 2002-2003 year of income and later years of income.