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Wednesday, 26 March 1997
Page: 2597

(Senator Bolkus did not vote, to compensate for the vacancy caused by the death of Senator Panizza.)

(Senator Bishop did not vote, to compensate for the vacancy caused by the resignation of Senator Woods.)

Motion (by Senator Ellison) agreed to:

That the House of Representatives be requested to make the following amendments:

Schedule 2, page 5 (after line 31), after item 3, insert:

3A After section 3

Insert:

3A Meaning of family surcharge threshold

In sections 8C, 8D, 8F and 8G:

family surcharge threshold for a year of income is:

(a)   $100,000; or

(b)   if a person has 2 or more dependants who are children—the amount worked out as follows:

   $100,000 + ($1,500 x (Number of dependants who are children—1))

Example:   If a person has 3 dependants who are children, the family surcharge threshold under paragraph (b) is:

   $100,000 + ($1,500 x (3-1)) = $103,000

Schedule 2, item 4, page 7 (line 16), omit "$100,000", substitute "the family surcharge threshold".

Schedule 2, item 4, page 8 (line 23), omit "$100,000", substitute "the family surcharge threshold".

Schedule 2, item 4, page 9 (line 4), omit "$100,000", substitute "the family surcharge threshold".

Schedule 2, item 4, page 9 (line 8), omit "$100,000", substitute "the family surcharge threshold".

Schedule 2, item 4, page 10 (line 16), omit "$100,000", substitute "the family surcharge threshold".

Schedule 2, item 4, page 11 (line 20), omit "$100,000", substitute "the family surcharge threshold".

Schedule 2, item 4, page 12 (line 3), omit "$100,000", substitute "the family surcharge threshold".

Schedule 2, item 4, page 12 (line 7), omit "$100,000", substitute "the family surcharge threshold".

TAXATION LAWS AMENDMENT (PRIVATE HEALTH INSURANCE INCENTIVES) BILL 1997