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Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2012

2010-2011-2012

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

 

 

 

 

 

Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2012

 

No.      , 2012

 

 

 

 

 

A Bill for an Act to amend the law relating to taxation, and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 2

Schedule 1—Medicare levy and Medicare levy surcharge income thresholds       3

Part 1—Main amendments                                                                                          3

A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999     3

Medicare Levy Act 1986                                                                                              3

Part 2—Consequential amendments                                                                       5

Clean Energy (Tax Laws Amendments) Act 2011                                                   5

 



A Bill for an Act to amend the law relating to taxation, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2012 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1

The earlier of:

(a) the start of the day this Act receives the Royal Assent; and

(b) immediately before the commencement of Schedule 2 to the Clean Energy (Tax Laws Amendments) Act 2011 .

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

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.